The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101 235 1,000 SH   SOLE   1,000 0 0
AT&T INC COM 00206R102 1,185 30,482 SH   SOLE   30,482 0 0
ABBOTT LABS COM 002824100 1,795 31,460 SH   SOLE   31,460 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 768 28,742 SH   SOLE   28,742 0 0
AERCAP HOLDINGS NV SHS N00985106 514 9,769 SH   SOLE   9,769 0 0
AIR PRODS & CHEMS INC COM 009158106 621 3,787 SH   SOLE   3,787 0 0
ALASKA AIR GROUP INC COM 011659109 228 3,100 SH   SOLE   3,100 0 0
ALLEGHANY CORP DEL COM 017175100 22,312 37,430 SH   SOLE   37,430 0 0
ALLY FINL INC COM 02005N100 201 6,889 SH   SOLE   6,889 0 0
AMERCO COM 023586100 1,268 3,356 SH   SOLE   3,356 0 0
AMERICAN EXPRESS CO COM 025816109 819 8,244 SH   SOLE   8,244 0 0
AMERICAN NATL INS CO COM 028591105 1,679 13,091 SH   SOLE   13,091 0 0
AMGEN INC COM 031162100 1,109 6,375 SH   SOLE   6,375 0 0
ANIXTER INTL INC COM 035290105 281 3,700 SH   SOLE   3,700 0 0
ANNALY CAP MGMT INC COM 035710409 255 21,450 SH   SOLE   21,450 0 0
ANTERO RES CORP COM 03674X106 792 41,700 SH   SOLE   41,700 0 0
APPLE INC COM 037833100 1,562 9,228 SH   SOLE   9,228 0 0
APPLIED MATLS INC COM 038222105 625 12,234 SH   SOLE   12,234 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 279 4,524 SH   SOLE   4,524 0 0
BANK AMER CORP COM 060505104 404 13,701 SH   SOLE   13,701 0 0
BANK NEW YORK MELLON CORP COM 064058100 4,182 77,640 SH   SOLE   77,640 0 0
BERKLEY W R CORP COM 084423102 15,267 213,080 SH   SOLE   213,080 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,381 800 SH   SOLE   800 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 51,598 260,308 SH   SOLE   260,308 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 455 14,211 SH   SOLE   14,211 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 434 13,475 SH   SOLE   13,475 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 2,154 166,867 SH   SOLE   166,867 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,833 20,240 SH   SOLE   20,240 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 967 22,201 SH   SOLE   22,201 0 0
CNA FINL CORP COM 126117100 2,209 41,641 SH   SOLE   41,641 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 408 12,200 SH   SOLE   12,200 0 0
CABLE ONE INC COM 12685J105 440 625 SH   SOLE   625 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 1,323 68,055 SH   SOLE   68,055 0 0
CANADIAN NAT RES LTD COM 136385101 367 10,282 SH   SOLE   10,282 0 0
CARS COM INC COM 14575E105 1,382 47,911 SH   SOLE   47,911 0 0
CATHAY GEN BANCORP COM 149150104 455 10,800 SH   SOLE   10,800 0 0
CENTERPOINT ENERGY INC COM 15189T107 92 10,100 SH   SOLE   10,100 0 0
CHEMOURS CO COM 163851108 294 5,882 SH   SOLE   5,882 0 0
CHEVRON CORP NEW COM 166764100 1,597 12,760 SH   SOLE   12,760 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 947 58,701 SH   SOLE   58,701 0 0
CIMAREX ENERGY CO COM 171798101 5,297 43,412 SH   SOLE   43,412 0 0
CISCO SYS INC COM 17275R102 701 18,307 SH   SOLE   18,307 0 0
CLOROX CO DEL COM 189054109 226 1,519 SH   SOLE   1,519 0 0
COCA COLA CO COM 191216100 2,127 46,360 SH   SOLE   46,360 0 0
COMCAST CORP NEW CL A 20030N101 243 6,076 SH   SOLE   6,076 0 0
COMPASS MINERALS INTL INC COM 20451N101 260 3,600 SH   SOLE   3,600 0 0
CONOCOPHILLIPS COM 20825C104 1,461 26,623 SH   SOLE   26,623 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 153 10,450 SH   SOLE   10,450 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 2,094 32,970 SH   SOLE   32,970 0 0
CONTANGO OIL & GAS COMPANY COM NEW 21075N204 130 27,593 SH   SOLE   27,593 0 0
CORNING INC COM 219350105 501 15,670 SH   SOLE   15,670 0 0
COSTCO WHSL CORP NEW COM 22160K105 460 2,469 SH   SOLE   2,469 0 0
COVANTA HLDG CORP COM 22282E102 680 40,250 SH   SOLE   40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 1,477 100,581 SH   SOLE   100,581 0 0
DAILY JOURNAL CORP COM 233912104 205 889 SH   SOLE   889 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 936 50,326 SH   SOLE   50,326 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 270 12,777 SH   SOLE   12,777 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 865 56,876 SH   SOLE   56,876 0 0
DOWDUPONT INC COM 26078J100 2,761 38,774 SH   SOLE   38,774 0 0
EBAY INC COM 278642103 300 7,955 SH   SOLE   7,955 0 0
EDISON INTL COM 281020107 221 3,500 SH   SOLE   3,500 0 0
EMERSON ELEC CO COM 291011104 1,711 24,545 SH   SOLE   24,545 0 0
ENSCO PLC SHS CLASS A G3157S106 319 53,898 SH   SOLE   53,898 0 0
ENSTAR GROUP LIMITED SHS G3075P101 11,910 59,329 SH   SOLE   59,329 0 0
ENTERGY CORP NEW COM 29364G103 545 6,692 SH   SOLE   6,692 0 0
EQT CORP COM 26884L109 222 3,900 SH   SOLE   3,900 0 0
EXXON MOBIL CORP COM 30231G102 345 4,130 SH   SOLE   4,130 0 0
FAIRFAX FINANCIAL HLDGS LTD COM 303901102 10,196 19,150 SH   SOLE   19,150 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 2,694 111,792 SH   SOLE   111,792 0 0
GANNETT CO INC COM 36473H104 841 72,565 SH   SOLE   72,565 0 0
GENER8 MARITIME INC COM Y26889108 116 17,500 SH   SOLE   17,500 0 0
GENERAL DYNAMICS CORP COM 369550108 732 3,600 SH   SOLE   3,600 0 0
GENERAL ELECTRIC CO COM 369604103 255 14,628 SH   SOLE   14,628 0 0
GENERAL AMERN INVS INC COM 368802104 4,206 122,275 SH   SOLE   122,275 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 481 37,095 SH   SOLE   37,095 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 221 7,400 SH   SOLE   7,400 0 0
GOLUB CAP BDC INC COM 38173M102 364 20,000 SH   SOLE   20,000 0 0
GRAHAM HLDGS CO COM 384637104 349 625 SH   SOLE   625 0 0
HALLADOR ENERGY COMPANY COM 40609P105 101 16,655 SH   SOLE   16,655 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 529 9,400 SH   SOLE   9,400 0 0
HELMERICH & PAYNE INC COM 423452101 2,253 34,850 SH   SOLE   34,850 0 0
IDT CORP CL B NEW 448947507 109 10,265 SH   SOLE   10,265 0 0
INTEL CORP COM 458140100 427 9,240 SH   SOLE   9,240 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,809 11,790 SH   SOLE   11,790 0 0
INTL PAPER CO COM 460146103 787 13,581 SH   SOLE   13,581 0 0
JOHNSON & JOHNSON COM 478160104 3,831 27,417 SH   SOLE   27,417 0 0
JPMORGAN CHASE & CO COM 46625H100 224 2,094 SH   SOLE   2,094 0 0
KLONDEX MNS LTD COM 498696103 29 11,000 SH   SOLE   11,000 0 0
LENNAR CORP CL B 526057302 1,023 19,794 SH   SOLE   19,794 0 0
LEUCADIA NATL CORP COM 527288104 11,828 446,524 SH   SOLE   446,524 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 201 2,361 SH   SOLE   2,361 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 552 6,480 SH   SOLE   6,480 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 410 12,119 SH   SOLE   12,119 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 261 11,758 SH   SOLE   11,758 0 0
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 235 7,417 SH   SOLE   7,417 0 0
LOEWS CORP COM 540424108 14,550 290,828 SH   SOLE   290,828 0 0
MARATHON OIL CORP COM 565849106 798 47,137 SH   SOLE   47,137 0 0
MARKEL CORP COM 570535104 18,775 16,482 SH   SOLE   16,482 0 0
MCDERMOTT INTL INC COM 580037109 86 13,000 SH   SOLE   13,000 0 0
MERCK & CO INC COM 58933Y105 241 4,287 SH   SOLE   4,287 0 0
METHANEX CORP COM 59151K108 533 8,800 SH   SOLE   8,800 0 0
METLIFE INC COM 59156R108 522 10,328 SH   SOLE   10,328 0 0
MICROSOFT CORP COM 594918104 5,888 68,834 SH   SOLE   68,834 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,235 69,403 SH   SOLE   69,403 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 65 27,418 SH   SOLE   27,418 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 387 23,056 SH   SOLE   23,056 0 0
NEW YORK REIT INC COM 64976L109 274 69,607 SH   SOLE   69,607 0 0
NOBLE CORP PLC SHS USD G65431101 167 36,875 SH   SOLE   36,875 0 0
NOVARTIS A G SPONSORED ADR 66987V109 605 7,206 SH   SOLE   7,206 0 0
NOW INC COM 67011P100 2,514 227,907 SH   SOLE   227,907 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 441 22,600 SH   SOLE   22,600 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 677 16,080 SH   SOLE   16,080 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 613 8,327 SH   SOLE   8,327 0 0
OFG BANCORP COM 67103X102 227 24,116 SH   SOLE   24,116 0 0
PICO HLDGS INC COM NEW 693366205 1,500 117,172 SH   SOLE   117,172 0 0
PATTERSON UTI ENERGY INC COM 703481101 780 33,900 SH   SOLE   33,900 0 0
PAYPAL HLDGS INC COM 70450Y103 600 8,153 SH   SOLE   8,153 0 0
PEPSICO INC COM 713448108 380 3,171 SH   SOLE   3,171 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 662 74,650 SH   SOLE   74,650 0 0
PFIZER INC COM 717081103 381 10,506 SH   SOLE   10,506 0 0
PNC FINL SVCS GROUP INC COM 693475105 825 5,715 SH   SOLE   5,715 0 0
PROCTER AND GAMBLE CO COM 742718109 421 4,581 SH   SOLE   4,581 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 214 1,700 SH   SOLE   1,700 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,397 148,019 SH   SOLE   148,019 0 0
ROYCE VALUE TR INC COM 780910105 1,243 76,872 SH   SOLE   76,872 0 0
RPC INC COM 749660106 9,350 366,222 SH   SOLE   366,222 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 429 1,608 SH   SOLE   1,608 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 1,573 35,268 SH   SOLE   35,268 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,149 139,492 SH   SOLE   139,492 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 568 36,333 SH   SOLE   36,333 0 0
SEMPRA ENERGY COM 816851109 434 4,059 SH   SOLE   4,059 0 0
SNYDERS-LANCE INC COM 833551104 602 12,016 SH   SOLE   12,016 0 0
SOLITARIO ZINC CORP COM 8342EP107 9 14,300 SH   SOLE   14,300 0 0
SOURCE CAP INC COM 836144105 2,383 58,472 SH   SOLE   58,472 0 0
SYSCO CORP COM 871829107 742 12,225 SH   SOLE   12,225 0 0
TAHOE RES INC COM 873868103 52 10,775 SH   SOLE   10,775 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 300 51,166 SH   SOLE   51,166 0 0
TECHNIPFMC PLC COM G87110105 291 9,300 SH   SOLE   9,300 0 0
TEGNA INC COM 87901J105 2,126 150,985 SH   SOLE   150,985 0 0
TEJON RANCH CO COM 879080109 254 12,212 SH   SOLE   12,212 0 0
SOUTHERN CO COM 842587107 407 8,466 SH   SOLE   8,466 0 0
TIDEWATER INC NEW COM 88642R109 1,115 45,705 SH   SOLE   45,705 0 0
TOTAL S A SPONSORED ADR 89151E109 534 9,661 SH   SOLE   9,661 0 0
TRI POINTE GROUP INC COM 87265H109 3,721 207,649 SH   SOLE   207,649 0 0
US BANCORP DEL COM NEW 902973304 1,157 21,591 SH   SOLE   21,591 0 0
UNITED SECURITY BANCSHARES C COM 911460103 232 21,049 SH   SOLE   21,049 0 0
V F CORP COM 918204108 562 7,600 SH   SOLE   7,600 0 0
VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 1,872 18,343 SH   SOLE   18,343 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 382 6,460 SH   SOLE   6,460 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 505 9,537 SH   SOLE   9,537 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 610 19,116 SH   SOLE   19,116 0 0
WELLS FARGO CO NEW COM 949746101 973 16,033 SH   SOLE   16,033 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,454 74,798 SH   SOLE   74,798 0 0
WEYERHAEUSER CO COM 962166104 906 25,683 SH   SOLE   25,683 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 24,097 28,307 SH   SOLE   28,307 0 0
ZOETIS INC CL A 98978V103 237 3,286 SH   SOLE   3,286 0 0