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 378 2,048 SH   SOLE   0 0 2,048
ALLEGHANY CORP DEL COM 017175100 3,344 4,910 SH   SOLE   0 0 4,910
ALPHABET INC CAP STK CL A 02079K305 534 493 SH   SOLE   0 0 493
ALPHABET INC CAP STK CL C 02079K107 8,499 7,863 SH   SOLE   0 0 7,863
AMAZON COM INC COM 023135106 203 107 SH   SOLE   0 0 107
AMERICAN EXPRESS CO COM 025816109 1,068 8,652 SH   SOLE   0 0 8,652
AMERICAN INTL GROUP INC COM NEW 026874784 3,831 71,900 SH   SOLE   0 0 71,900
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 86 7,000 SH   SOLE   0 0 7,000
APPLE INC COM 037833100 11,647 58,848 SH   SOLE   0 0 58,848
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 264 9,596 SH   SOLE   0 0 9,596
BANK AMER CORP COM 060505104 3,162 109,051 SH   SOLE   0 0 109,051
BERKSHIRE HATHAWAY INC DEL CL A 084670108 7,322 23 SH   SOLE   0 0 23
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 23,135 108,527 SH   SOLE   0 0 108,527
BLACKSTONE MTG TR INC COM CL A 09257W100 357 10,028 SH   SOLE   0 0 10,028
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 4,798 100,425 SH   SOLE   0 0 100,425
BROOKFIELD PROPERTY REIT INC CL A 11282X103 2,230 118,045 SH   SOLE   0 0 118,045
BUILDERS FIRSTSOURCE INC COM 12008R107 1,307 77,500 SH   SOLE   0 0 77,500
CANADIAN NATL RY CO COM 136375102 999 10,800 SH   SOLE   0 0 10,800
CARMAX INC COM 143130102 434 5,000 SH   SOLE   0 0 5,000
CASEYS GEN STORES INC COM 147528103 1,250 8,015 SH   SOLE   0 0 8,015
CIMAREX ENERGY CO COM 171798101 2,578 43,450 SH   SOLE   0 0 43,450
COSTCO WHSL CORP NEW COM 22160K105 3,110 11,770 SH   SOLE   0 0 11,770
FACEBOOK INC CL A 30303M102 377 1,955 SH   SOLE   0 0 1,955
FS BANCORP INC COM 30263Y104 220 4,240 SH   SOLE   0 0 4,240
GABELLI EQUITY TR INC COM 362397101 1,841 297,928 SH   SOLE   0 0 297,928
GRANITE PT MTG TR INC COM 38741L107 192 10,000 SH   SOLE   0 0 10,000
HOWARD HUGHES CORP COM 44267D107 4,069 32,860 SH   SOLE   0 0 32,860
INDEPENDENT BANK CORP MASS COM 453836108 514 6,747 SH   SOLE   0 0 6,747
ISHARES TR 1 3 YR TREAS BD 464287457 44 515 SH   SOLE   0 0 515
ISHARES TR CORE S&P500 ETF 464287200 783 2,655 SH   SOLE   0 0 2,655
ISHARES TR RUS MID CAP ETF 464287499 217 3,880 SH   SOLE   0 0 3,880
JEFFERIES FINL GROUP INC COM 47233W109 275 14,315 SH   SOLE   0 0 14,315
JOHNSON & JOHNSON COM 478160104 5,206 37,379 SH   SOLE   0 0 37,379
LADDER CAP CORP CL A 505743104 251 15,100 SH   SOLE   0 0 15,100
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 7 245 SH   SOLE   0 0 245
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 4 115 SH   SOLE   0 0 115
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 3,604 100,507 SH   SOLE   0 0 100,507
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 6,248 165,239 SH   SOLE   0 0 165,239
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 18 468 SH   SOLE   0 0 468
MARKEL CORP COM 570535104 668 613 SH   SOLE   0 0 613
MASTERCARD INC CL A 57636Q104 2,515 9,508 SH   SOLE   0 0 9,508
MONDELEZ INTL INC CL A 609207105 1,579 29,300 SH   SOLE   0 0 29,300
MONMOUTH REAL ESTATE INVT CO CL A 609720107 369 27,250 SH   SOLE   0 0 27,250
PARK HOTELS RESORTS INC COM 700517105 400 14,507 SH   SOLE   0 0 14,507
PEOPLES UTD FINL INC COM 712704105 201 12,000 SH   SOLE   0 0 12,000
PEPSICO INC COM 713448108 669 5,100 SH   SOLE   0 0 5,100
PRICESMART INC COM 741511109 410 8,030 SH   SOLE   0 0 8,030
QURATE RETAIL INC COM SER A 74915M100 507 40,925 SH   SOLE   0 0 40,925
RENN FD INC COM 759720105 126 81,065 SH   SOLE   0 0 81,065
ROYCE MICRO-CAP TR INC COM 780915104 638 77,633 SH   SOLE   0 0 77,633
RYMAN HOSPITALITY PPTYS INC COM 78377T107 203 2,500 SH   SOLE   0 0 2,500
SCHLUMBERGER LTD COM 806857108 888 22,350 SH   SOLE   0 0 22,350
SEASPAN CORP SHS Y75638109 3,852 392,700 SH   SOLE   0 0 392,700
SOURCE CAP INC COM 836144105 3,678 100,580 SH   SOLE   0 0 100,580
SOUTHWEST AIRLS CO COM 844741108 218 4,300 SH   SOLE   0 0 4,300
STORE CAP CORP COM 862121100 680 20,500 SH   SOLE   0 0 20,500
TANGER FACTORY OUTLET CTRS I COM 875465106 1,336 82,400 SH   SOLE   0 0 82,400
TCW STRATEGIC INCOME FUND IN COM 872340104 240 41,705 SH   SOLE   0 0 41,705
TEXAS PAC LD TR SUB CTF PROP I T 882610108 7,331 9,315 SH   SOLE   0 0 9,315
TIDEWATER INC NEW COM 88642R109 264 11,236 SH   SOLE   0 0 11,236
TIDEWATER INC NEW *W EXP 07/31/202 88642R117 77 25,130 SH   SOLE   0 0 25,130
TIDEWATER INC NEW *W EXP 07/31/202 88642R125 60 21,762 SH   SOLE   0 0 21,762
UMH PPTYS INC COM 903002103 825 66,453 SH   SOLE   0 0 66,453
UNILEVER PLC SPON ADR NEW 904767704 372 6,000 SH   SOLE   0 0 6,000
UNION PACIFIC CORP COM 907818108 3,374 19,951 SH   SOLE   0 0 19,951
VERISK ANALYTICS INC COM 92345Y106 1,128 7,700 SH   SOLE   0 0 7,700
WELLS FARGO CO NEW COM 949746101 4,482 94,725 SH   SOLE   0 0 94,725
WHITE MTNS INS GROUP LTD COM G9618E107 3,324 3,254 SH   SOLE   0 0 3,254
WYNDHAM HOTELS & RESORTS INC COM 98311A105 1,512 27,125 SH   SOLE   0 0 27,125