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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 286 2,026 SH   SOLE   0 0 2,026
ALLEGHANY CORP DEL COM 017175100 3,073 4,930 SH   SOLE   0 0 4,930
ALPHABET INC CAP STK CL A 02079K305 502 480 SH   SOLE   0 0 480
ALPHABET INC CAP STK CL C 02079K107 7,920 7,648 SH   SOLE   0 0 7,648
AMERICAN EXPRESS CO COM 025816109 825 8,652 SH   SOLE   0 0 8,652
AMERICAN INTL GROUP INC COM NEW 026874784 2,979 75,600 SH   SOLE   0 0 75,600
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 945 14,360 SH   SOLE   0 0 14,360
APPLE INC COM 037833100 9,176 58,169 SH   SOLE   0 0 58,169
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 359 16,254 SH   SOLE   0 0 16,254
BANK AMER CORP *W EXP 01/16/201 060505146 154 12,000 SH   SOLE   0 0 12,000
BANK AMER CORP COM 060505104 2,646 107,400 SH   SOLE   0 0 107,400
BERKSHIRE HATHAWAY INC DEL CL A 084670108 6,732 22 SH   SOLE   0 0 22
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 22,228 108,865 SH   SOLE   0 0 108,865
BLACKSTONE MTG TR INC COM CL A 09257W100 247 7,765 SH   SOLE   0 0 7,765
BLUE HILLS BANCORP INC COM 095573101 672 31,476 SH   SOLE   0 0 31,476
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 2,624 68,425 SH   SOLE   0 0 68,425
CANADIAN NATL RY CO COM 136375102 800 10,800 SH   SOLE   0 0 10,800
CARMAX INC COM 143130102 314 5,000 SH   SOLE   0 0 5,000
CASEYS GEN STORES INC COM 147528103 1,540 12,015 SH   SOLE   0 0 12,015
CEDAR FAIR L P DEPOSITRY UNIT 150185106 293 6,200 SH   SOLE   0 0 6,200
COSTCO WHSL CORP NEW COM 22160K105 2,394 11,750 SH   SOLE   0 0 11,750
ENSCO PLC SHS CLASS A G3157S106 107 30,000 SH   SOLE   0 0 30,000
EQUIFAX INC COM 294429105 438 4,700 SH   SOLE   0 0 4,700
FACEBOOK INC CL A 30303M102 263 2,005 SH   SOLE   0 0 2,005
GABELLI EQUITY TR INC COM 362397101 1,503 294,802 SH   SOLE   0 0 294,802
GRANITE PT MTG TR INC COM 38741L107 180 10,000 SH   SOLE   0 0 10,000
ISHARES TR CORE S&P500 ETF 464287200 756 3,005 SH   SOLE   0 0 3,005
ISHARES TR RUSSELL 2000 ETF 464287655 52 390 SH   SOLE   0 0 390
ISHARES TR RUS 2000 GRW ETF 464287648 60 355 SH   SOLE   0 0 355
ISHARES TR RUS 2000 VAL ETF 464287630 59 545 SH   SOLE   0 0 545
ISHARES TR RUS MID CAP ETF 464287499 180 3,880 SH   SOLE   0 0 3,880
JEFFERIES FINL GROUP INC COM 47233W109 451 25,995 SH   SOLE   0 0 25,995
JOHNSON & JOHNSON COM 478160104 4,503 34,891 SH   SOLE   0 0 34,891
LIBERTY LATIN AMERICA LTD COM CL A G9001E102 0 13 SH   SOLE   0 0 13
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 343 23,542 SH   SOLE   0 0 23,542
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 4 115 SH   SOLE   0 0 115
LIBERTY MEDIA CORP DELAWARE COM A BRAVES GRP 531229706 3 122 SH   SOLE   0 0 122
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 4 145 SH   SOLE   0 0 145
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 2,963 99,707 SH   SOLE   0 0 99,707
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 6,354 172,664 SH   SOLE   0 0 172,664
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 17 468 SH   SOLE   0 0 468
MARKEL CORP COM 570535104 651 627 SH   SOLE   0 0 627
MASTERCARD INCORPORATED CL A 57636Q104 1,849 9,800 SH   SOLE   0 0 9,800
MONDELEZ INTL INC CL A 609207105 1,225 30,600 SH   SOLE   0 0 30,600
PANHANDLE OIL AND GAS INC CL A 698477106 282 18,200 SH   SOLE   0 0 18,200
PARK HOTELS RESORTS INC COM 700517105 255 9,800 SH   SOLE   0 0 9,800
PEPSICO INC COM 713448108 563 5,100 SH   SOLE   0 0 5,100
PRICESMART INC COM 741511109 912 15,430 SH   SOLE   0 0 15,430
RENN FD INC COM 759720105 89 59,396 SH   SOLE   0 0 59,396
ROYCE MICRO-CAP TR INC COM 780915104 662 89,208 SH   SOLE   0 0 89,208
SEASPAN CORP SHS Y75638109 3,067 391,700 SH   SOLE   0 0 391,700
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 265 7,200 SH   SOLE   0 0 7,200
SOURCE CAP INC COM 836144105 3,438 105,609 SH   SOLE   0 0 105,609
STORE CAP CORP COM 862121100 580 20,500 SH   SOLE   0 0 20,500
TCW STRATEGIC INCOME FUND IN COM 872340104 68 12,825 SH   SOLE   0 0 12,825
TEXAS PAC LD TR SUB CTF PROP I T 882610108 5,189 9,580 SH   SOLE   0 0 9,580
HOWARD HUGHES CORP COM 44267D107 3,563 36,500 SH   SOLE   0 0 36,500
TIDEWATER INC NEW COM 88642R109 215 11,236 SH   SOLE   0 0 11,236
TIDEWATER INC NEW *W EXP 07/31/202 88642R117 42 25,130 SH   SOLE   0 0 25,130
TIDEWATER INC NEW *W EXP 07/31/202 88642R125 31 21,762 SH   SOLE   0 0 21,762
UMH PPTYS INC COM 903002103 778 65,746 SH   SOLE   0 0 65,746
UNILEVER PLC SPON ADR NEW 904767704 314 6,000 SH   SOLE   0 0 6,000
UNION PAC CORP COM 907818108 2,878 20,821 SH   SOLE   0 0 20,821
VERISK ANALYTICS INC COM 92345Y106 867 7,950 SH   SOLE   0 0 7,950
WELLS FARGO CO NEW COM 949746101 4,118 89,372 SH   SOLE   0 0 89,372
WHITE MTNS INS GROUP LTD COM G9618E107 3,083 3,594 SH   SOLE   0 0 3,594
WYNDHAM HOTELS & RESORTS INC COM 98311A105 1,260 27,775 SH   SOLE   0 0 27,775