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
TETRA TECHNOLOGIES INC DEL COM 88162F105 8 15,000 SH   SOLE   15,000 0 0
SEMPRA ENERGY COM 816851109 271 2,291 SH   SOLE   2,290 0 0
ISHARES GOLD TRUST ISHARES 464285105 450 25,011 SH   SOLE   25,011 0 0
EBAY INC. COM 278642103 323 6,200 SH   SOLE   6,200 0 0
CENTRAL SECS CORP COM 155123102 217 7,496 SH   SOLE   7,496 0 0
JOHNSON & JOHNSON COM 478160104 3,148 21,145 SH   SOLE   21,145 0 0
DISCOVERY INC COM SER C 25470F302 968 49,370 SH   SOLE   49,370 0 0
COVANTA HLDG CORP COM 22282E102 312 40,250 SH   SOLE   40,250 0 0
VANGUARD WHITEHALL FDS INTL DVD ETF 921946810 668 9,279 SH   SOLE   9,279 0 0
COSTCO WHSL CORP NEW COM 22160K105 338 952 SH   SOLE   952 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 84 13,120 SH   SOLE   13,120 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 653 118,801 SH   SOLE   118,801 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 975 33,495 SH   SOLE   33,494 0 0
OCCIDENTAL PETE CORP COM 674599105 258 25,731 SH   SOLE   25,730 0 0
INTEL CORP COM 458140100 359 6,936 SH   SOLE   6,936 0 0
AMERCO COM 023586100 2,478 6,962 SH   SOLE   6,962 0 0
TIDEWATER INC NEW COM 88642R109 296 44,060 SH   SOLE   44,060 0 0
SANOFI SPONSORED ADR 80105N105 206 4,100 SH   SOLE   4,100 0 0
MERCK & CO. INC COM 58933Y105 216 2,606 SH   SOLE   2,606 0 0
EMERSON ELEC CO COM 291011104 1,309 19,956 SH   SOLE   19,955 0 0
AMERICAN NATIONAL GROUP INC COM NEW 02772A109 612 9,059 SH   SOLE   9,059 0 0
ANNALY CAPITAL MANAGEMENT IN COM 035710409 93 13,000 SH   SOLE   13,000 0 0
NVR INC COM 62944T105 1,809 443 SH   SOLE   443 0 0
CORNING INC COM 219350105 458 14,144 SH   SOLE   14,144 0 0
PARK HOTELS RESORTS INC COM 700517105 100 10,000 SH   SOLE   10,000 0 0
CONTURA ENERGY INC COM 21241B100 129 17,568 SH   SOLE   17,568 0 0
BANK NEW YORK MELLON CORP COM 064058100 2,945 85,749 SH   SOLE   85,749 0 0
TEGNA INC COM 87901J105 965 82,130 SH   SOLE   82,130 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 309 5,202 SH   SOLE   5,202 0 0
NEXTIER OILFIELD SOLUTIONS COM 65290C105 32 17,133 SH   SOLE   17,133 0 0
RAMACO RES INC COM 75134P303 88 25,000 SH   SOLE   25,000 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 93 15,200 SH   SOLE   15,200 0 0
US BANCORP DEL COM NEW 902973304 459 12,808 SH   SOLE   12,808 0 0
DUPONT DE NEMOURS INC COM 26614N102 700 12,609 SH   SOLE   12,609 0 0
SOUTHERN CO COM 842587107 374 6,890 SH   SOLE   6,890 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,781 13,490 SH   SOLE   13,490 0 0
LUMEN TECHNOLOGIES INC COM 156700106 1,691 167,638 SH   SOLE   167,638 0 0
CENOVUS ENERGY INC COM 15135U109 248 63,800 SH   SOLE   63,800 0 0
CARS COM INC COM 14575E105 244 30,218 SH   SOLE   30,218 0 0
NUTRIEN LTD COM 67077M108 314 7,994 SH   SOLE   7,994 0 0
PATTERSON UTI ENERGY INC COM 703481101 76 26,739 SH   SOLE   26,739 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 50,060 235,089 SH   SOLE   235,089 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 505 17,690 SH   SOLE   17,690 0 0
SOLAR CAP LTD COM 83413U100 186 11,763 SH   SOLE   11,763 0 0
COMCAST CORP NEW CL A 20030N101 422 9,114 SH   SOLE   9,113 0 0
MICROSOFT CORP COM 594918104 6,062 28,819 SH   SOLE   28,819 0 0
CANADIAN NAT RES LTD COM 136385101 1,327 82,884 SH   SOLE   82,884 0 0
SCHLUMBERGER LTD COM 806857108 415 26,646 SH   SOLE   26,646 0 0
CVS HEALTH CORP COM 126650100 556 9,520 SH   SOLE   9,520 0 0
JEFFERIES FINL GROUP INC COM 47233W109 11,060 614,460 SH   SOLE   614,459 0 0
V F CORP COM 918204108 527 7,500 SH   SOLE   7,500 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 700 12,251 SH   SOLE   12,251 0 0
ST JOE CO COM 790148100 699 33,901 SH   SOLE   33,901 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 526 38,000 SH   SOLE   38,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,240 7 SH   SOLE   7 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,052 137,175 SH   SOLE   137,175 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 699 11,265 SH   SOLE   11,265 0 0
SOUTHWESTERN ENERGY CO COM 845467109 234 99,400 SH   SOLE   99,400 0 0
MACERICH CO COM 554382101 159 23,418 SH   SOLE   23,418 0 0
ISTAR INC COM 45031U101 1,016 86,020 SH   SOLE   86,020 0 0
TEJON RANCH CO COM 879080109 155 10,957 SH   SOLE   10,957 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 323 6,165 SH   SOLE   6,165 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,182 35,762 SH   SOLE   35,762 0 0
DOW INC COM 260557103 593 12,613 SH   SOLE   12,613 0 0
GENERAL AMERN INVS INC COM 368802104 2,995 88,218 SH   SOLE   88,217 0 0
DIAMOND S SHIPPING INC COM Y20676105 217 31,617 SH   SOLE   31,617 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 911 110,210 SH   SOLE   110,210 0 0
GOLUB CAP BDC INC COM 38173M102 349 26,364 SH   SOLE   26,364 0 0
CORTEVA INC COM 22052L104 369 12,811 SH   SOLE   12,810 0 0
BORR DRILLING LTD SHS G1466R207 15 26,754 SH   SOLE   26,754 0 0
GRINDROD SHIPPING HOLDINGS L SHS Y28895103 95 24,445 SH   SOLE   24,445 0 0
AIR PRODS & CHEMS INC COM 009158106 1,108 3,720 SH   SOLE   3,719 0 0
VANGUARD SCOTTSDALE FDS VNG RUS1000VAL 92206C714 296 2,855 SH   SOLE   2,855 0 0
AMERICAN CENTY ETF TR INTL SMCP VLU 025072802 253 5,344 SH   SOLE   5,344 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000VAL 92206C649 205 2,352 SH   SOLE   2,352 0 0
PICO HLDGS INC COM NEW 693366205 1,168 130,357 SH   SOLE   130,356 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 129 21,049 SH   SOLE   21,049 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 163 14,215 SH   SOLE   14,215 0 0
SOURCE CAP INC COM 836144105 1,484 40,276 SH   SOLE   40,276 0 0
RPC INC COM 749660106 998 377,970 SH   SOLE   377,970 0 0
FREEPORT-MCMORAN INC CL B 35671D857 722 46,165 SH   SOLE   46,165 0 0
CTO REALTY GROWTH INC COM 22948P103 1,110 25,165 SH   SOLE   25,165 0 0
ENTERGY CORP NEW COM 29364G103 342 3,472 SH   SOLE   3,472 0 0
CATHAY GEN BANCORP COM 149150104 205 9,460 SH   SOLE   9,460 0 0
EURONAV NV SHS B38564108 755 85,496 SH   SOLE   85,496 0 0
CREDIT ACCEP CORP MICH COM 225310101 1,718 5,073 SH   SOLE   5,073 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 467 72,110 SH   SOLE   72,110 0 0
ROYCE VALUE TR INC COM 780910105 1,132 89,570 SH   SOLE   89,569 0 0
TRINITY PL HLDGS INC COM 89656D101 22 15,350 SH   SOLE   15,350 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 223 36,060 SH   SOLE   36,060 0 0
METLIFE INC COM 59156R108 236 6,362 SH   SOLE   6,362 0 0
TECHNIPFMC PLC COM G87110105 66 10,400 SH   SOLE   10,400 0 0
NOVARTIS AG SPONSORED ADR 66987V109 543 6,245 SH   SOLE   6,245 0 0
TOTAL SE SPONSORED ADS 89151E109 273 7,950 SH   SOLE   7,950 0 0
CIMAREX ENERGY CO COM 171798101 724 29,754 SH   SOLE   29,754 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 19,837 25,464 SH   SOLE   25,464 0 0
MOHAWK INDS INC COM 608190104 1,470 15,065 SH   SOLE   15,065 0 0
ENBRIDGE INC COM 29250N105 269 9,208 SH   SOLE   9,208 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 174 25,284 SH   SOLE   25,284 0 0
TEEKAY CORPORATION COM Y8564W103 57 25,400 SH   SOLE   25,400 0 0
CUSTOMERS BANCORP INC COM 23204G100 295 26,300 SH   SOLE   26,300 0 0
ZOETIS INC CL A 98978V103 375 2,266 SH   SOLE   2,266 0 0
BLACKSTONE GROUP INC COM CL A 09260D107 591 11,330 SH   SOLE   11,330 0 0
HALLADOR ENERGY COMPANY COM 40609P105 8 12,671 SH   SOLE   12,670 0 0
OFG BANCORP COM 67103X102 219 17,550 SH   SOLE   17,550 0 0
QUALCOMM INC COM 747525103 232 1,970 SH   SOLE   1,970 0 0
AMBAC FINL GROUP INC COM NEW 023139884 269 21,100 SH   SOLE   21,100 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 305 13,875 SH   SOLE   13,875 0 0
GENERAL DYNAMICS CORP COM 369550108 281 2,028 SH   SOLE   2,028 0 0
CISCO SYS INC COM 17275R102 349 8,857 SH   SOLE   8,857 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 611 29,759 SH   SOLE   29,759 0 0
LENNAR CORP CL B 526057302 2,049 31,210 SH   SOLE   31,210 0 0
AT&T INC COM 00206R102 498 17,471 SH   SOLE   17,471 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 128 10,410 SH   SOLE   10,410 0 0
CONTANGO OIL & GAS CO COM NEW 21075N204 244 181,851 SH   SOLE   181,851 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 466 1,033 SH   SOLE   1,033 0 0
WELLS FARGO CO NEW COM 949746101 339 14,400 SH   SOLE   14,400 0 0
GOLAR LNG LTD SHS G9456A100 253 41,811 SH   SOLE   41,810 0 0
LOCKHEED MARTIN CORP COM 539830109 212 552 SH   SOLE   552 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 706 68,376 SH   SOLE   68,376 0 0
WESTAMERICA BANCORPORATION COM 957090103 1,875 34,494 SH   SOLE   34,494 0 0
INTERNATIONAL PAPER CO COM 460146103 399 9,850 SH   SOLE   9,850 0 0
CHEVRON CORP NEW COM 166764100 799 11,098 SH   SOLE   11,098 0 0
CONOCOPHILLIPS COM 20825C104 696 21,188 SH   SOLE   21,187 0 0
MARKEL CORP COM 570535104 16,745 17,197 SH   SOLE   17,197 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 297 7,268 SH   SOLE   7,268 0 0
GANNETT CO INC COM 36472T109 22 16,951 SH   SOLE   16,951 0 0
3M CO COM 88579Y101 219 1,365 SH   SOLE   1,365 0 0
AMERICAN EXPRESS CO COM 025816109 732 7,302 SH   SOLE   7,302 0 0
AMGEN INC COM 031162100 1,357 5,341 SH   SOLE   5,340 0 0
APPLIED MATLS INC COM 038222105 571 9,600 SH   SOLE   9,600 0 0
TCW STRATEGIC INCOME FD INC COM 872340104 220 39,233 SH   SOLE   39,233 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 587 232,915 SH   SOLE   232,915 0 0
WILLIAMS COS INC COM 969457100 242 12,300 SH   SOLE   12,300 0 0
NOW INC COM 67011P100 558 122,848 SH   SOLE   122,848 0 0
VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 2,012 15,638 SH   SOLE   15,638 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 233 7,429 SH   SOLE   7,429 0 0
ENSTAR GROUP LIMITED SHS G3075P101 13,888 85,992 SH   SOLE   85,992 0 0
ANTERO RESOURCES CORP COM 03674X106 202 73,431 SH   SOLE   73,431 0 0
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 504 13,887 SH   SOLE   13,887 0 0
ORION ENGINEERED CARBONS S A COM L72967109 267 21,380 SH   SOLE   21,380 0 0
DAILY JOURNAL CORP COM 233912104 215 889 SH   SOLE   889 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 304 2,146 SH   SOLE   2,146 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 918 6,425 SH   SOLE   6,425 0 0
CNA FINL CORP COM 126117100 833 27,787 SH   SOLE   27,787 0 0
CORE LABORATORIES N V COM N22717107 160 10,480 SH   SOLE   10,480 0 0
HELMERICH & PAYNE INC COM 423452101 412 28,130 SH   SOLE   28,130 0 0
GRAHAM HLDGS CO COM CL B 384637104 1,197 2,962 SH   SOLE   2,962 0 0
BERKLEY W R CORP COM 084423102 17,651 288,655 SH   SOLE   288,655 0 0
LOEWS CORP COM 540424108 11,168 321,385 SH   SOLE   321,385 0 0
SPROTT FOCUS TR INC COM 85208J109 100 16,837 SH   SOLE   16,837 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 260 14,167 SH   SOLE   14,167 0 0
CABLE ONE INC COM 12685J105 707 375 SH   SOLE   375 0 0
PAYPAL HLDGS INC COM 70450Y103 642 3,257 SH   SOLE   3,257 0 0
SCHWAB CHARLES CORP COM 808513105 1,715 47,335 SH   SOLE   47,334 0 0
APPLE INC COM 037833100 2,220 19,168 SH   SOLE   19,167 0 0
ABBOTT LABS COM 002824100 1,267 11,643 SH   SOLE   11,643 0 0
CSW INDUSTRIALS INC COM 126402106 216 2,800 SH   SOLE   2,800 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 349 4,329 SH   SOLE   4,329 0 0
ALLEGHANY CORP DEL COM 017175100 18,205 34,980 SH   SOLE   34,980 0 0
FAIRFAX FINL HLDGS LTD SUB VTG Stock 303901102 10,574 35,909 SH   SOLE   35,909 0 0