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
AMERICAN TEL & TEL COM 030177109 476,894 16,360 SH   SOLE   16,360 0 0
APPLE COM 037833100 76,287 300 SH   SOLE   300 0 0
ASSURED GUARANTY COM G0585R106 37,824,904 1,466,650 SH   SOLE   1,466,650 0 0
ALCON COM H01301128 201,767 3,956 SH   SOLE   3,956 0 0
BANK OF AMERICA COM 060505104 377,532 17,783 SH   SOLE   17,783 0 0
BP PLC COM 055622104 39,718,188 1,628,462 SH   SOLE   1,628,462 0 0
BRISTOL MYERS SQUIBB COM 110122108 57,200,890 1,026,209 SH   SOLE   1,026,209 0 0
BLACKBERRY COM 09228F103 24,044,389 5,821,886 SH   SOLE   5,821,886 0 0
BERKSHIRE HATHAWAY COM 084670702 607,910 3,325 SH   SOLE   3,325 0 0
CITIGROUP COM 172967101 39,669,615 941,823 SH   SOLE   941,823 0 0
CHEVRONTEXACO COM 166764100 244,624 3,376 SH   SOLE   3,376 0 0
COMCAST CL A COM 20030N101 298,693 8,688 SH   SOLE   8,688 0 0
CREW ENERGY COM 226533107 25,508 182,000 SH   SOLE   182,000 0 0
COAL CREEK MINING COM 190072108 253,656 1,084 SH   SOLE   1,084 0 0
EXXON MOBILE COM 30231G102 725,986 19,120 SH   SOLE   19,120 0 0
FIRST NATL BK OF ALASKA COM 32112J106 1,375,620 6,810 SH   SOLE   6,810 0 0
GENIE ENERGY COM 903514344 437,446 448,591 SH   SOLE   448,591 0 0
GLACIER BANCORP COM 37637Q105 213,041 6,265 SH   SOLE   6,265 0 0
GLAXOSMITHKLINE COM 37733W105 58,487,686 1,543,618 SH   SOLE   1,543,618 0 0
HOLOGIC COM 436440101 9,354,325 266,505 SH   SOLE   266,505 0 0
HOPE BANCORP COM 43940T109 262,382 31,920 SH   SOLE   31,920 0 0
IDT CORP CL B COM 448847309 3,760,462 693,812 SH   SOLE   693,812 0 0
IDW MEDIA COM 44951N106 484,852 96,010 SH   SOLE   96,010 0 0
JP MORGAN CHASE COM 44625H100 354,268 3,935 SH   SOLE   3,935 0 0
KEYCORP COM 493267108 118,135 11,392 SH   SOLE   11,392 0 0
LIFEWAY FOODS COM 531914109 19,200 10,000 SH   SOLE   10,000 0 0
MERCK COM 589331107 76,899,554 1,029,474 SH   SOLE   1,029,474 0 0
MBIA COM 55262C100 36,500,044 5,112,051 SH   SOLE   5,112,051 0 0
NAM TAI PPTY COM G63907102 10,829,467 1,968,994 SH   SOLE   1,968,994 0 0
NAVIENT COM 63938C108 191,668 25,286 SH   SOLE   25,286 0 0
NEW YORK COMMUNITY COM 649445103 48,994,011 5,217,680 SH   SOLE   5,217,680 0 0
NOVARTIS ADR COM 66987V109 1,912,675 23,198 SH   SOLE   23,198 0 0
NY TIMES CL A COM 650111107 46,065 1,500 SH   SOLE   1,500 0 0
ORANGE COUNTY BANCORP COM 68417L107 405,900 16,400 SH   SOLE   16,400 0 0
PFIZER COM 717081103 25,143,114 770,316 SH   SOLE   770,316 0 0
PATTERSON ENERGY COM 703481101 7,085,577 3,015,139 SH   SOLE   3,015,139 0 0
PEPSICO COM 713448108 252,210 2,100 SH   SOLE   2,100 0 0
PEYTO EXP & DEV COM 717046106 36,642 35,000 SH   SOLE   3,500 0 0
RAFAEL HOLDING COM 75062E106 5,648,473 428,017 SH   SOLE   428,017 0 0
SB ONE BANC COM 78413T103 344,165 20,245 SH   SOLE   20,245 0 0
SEABOARD CORP COM 811543107 35,739,437 12,706 SH   SOLE   12,706 0 0
STERLING BANCORP COM 85917A100 3,894,726 372,701 SH   SOLE   372,701 0 0
TRINITY PLACE HOLDINGS COM 89656D101 2,867,908 1,575,774 SH   SOLE   1,575,774 0 0
VERIZON COM 92343V104 967,946 18,015 SH   SOLE   18,015 0 0
VIEWRAY COM 92672L107 1,513,875 605,550 SH   SOLE   605,550 0 0
VALHI COM 918905100 10,679 10,368 SH   SOLE   10,368 0 0
VOXX INTERNATIONAL COM 91829F104 10,689,552 3,750,720 SH   SOLE   3,750,720 0 0
ZEDGE INC. COM 98923T104 143,811 163,421 SH   SOLE   163,421 0 0