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 Company COM 88579y101 4,070 30,000 SH   SOLE   30,000 0 0
3M Company COM 88579y101 23,605 174,000 SH   DFND 1 174,000 0 1,700
Accenture COM G1151C101 797 10,000 SH   SOLE   10,000 0 0
Accenture COM G1151C101 7,972 100,000 SH   DFND 1 100,000 0 4,400
Air Products & Chemicals COM 009158106 2,857 24,000 SH   DFND 1 24,000 0 1,000
Alleghany Corporation COM 017175100 1,763 4,328 SH   SOLE   4,328 0 0
American Express COM 025816109 900 10,000 SH   SOLE   10,000 0 1,500
American Express COM 025816109 30,520 339,000 SH   DFND 1 339,000 0 0
Anheuser-Busch Inbev ADR COM 03524A108 43,173 410,000 SH   DFND 1 410,000 0 0
Apollo Global Management - A COM 037612306 5,788 182,000 SH   DFND 1 182,000 0 3,500
Archer Daniels COM 039483102 59,705 1,376,000 SH   DFND 1 1,376,000 0 1,600
Automatic Data Processing COM 053015103 40,770 527,700 SH   DFND 1 527,700 0 0
Berkshire Hathaway Class B COM 084670702 60,623 485,100 SH   SOLE   485,100 0 0
Berkshire Hathaway Class B COM 084670702 128,283 1,026,507 SH   DFND 1 1,026,507 0 1,000
Berkshire Hathaway, Inc. COM 084670108 51,521 275 SH   SOLE   275 0 7,800
Berkshire Hathaway, Inc. COM 084670108 150,442 803 SH   DFND 1 803 0 4,400
Blackrock Inc COM 09247X101 23,272 74,000 SH   DFND 1 74,000 0 10,677
Blackstone Group COM 09253U108 10,607 319,000 SH   DFND 1 319,000 0 0
Brookfield Asset Management COM 112585104 17,565 430,000 SH   SOLE   430,000 0 15,650
Brookfield Asset Management COM 112585104 113,095 2,768,548 SH   DFND 1 2,768,548 0 0
Brookfield Property Partners COM G16249107 3,150 168,439 SH   DFND 1 168,439 0 16
Brown & Brown COM 115236101 11,247 365,628 SH   DFND 1 365,628 0 400
Brown Forman Class A COM 115637100 37,484 421,500 SH   DFND 1 421,500 0 3,400
Brown-Forman Class B COM 115637209 9,451 105,375 SH   DFND 1 105,375 0 0
CVS Corporation COM 126650100 7,187 96,000 SH   DFND 1 96,000 0 73,025
Calumet COM 131476103 517 20,000 SH   DFND 1 20,000 0 4,185
Capital One COM 14040H105 13,734 178,000 SH   DFND 1 178,000 0 0
Carlyle Group COM 14309L102 7,836 223,000 SH   DFND 1 223,000 0 3,990
Carmax COM 143130102 10,998 235,000 SH   SOLE   235,000 0 997
Carmax COM 143130102 221,274 4,728,070 SH   DFND 1 4,728,070 0 0
Caterpillar Inc COM 149123101 23,948 241,000 SH   DFND 1 241,000 0 2,000
Charles Schwab COM 808513105 28,888 1,057,000 SH   DFND 1 1,057,000 0 9,400
Chevron COM 166764100 11,653 98,000 SH   DFND 1 98,000 0 0
Chubb Corp COM 171232101 3,393 38,000 SH   DFND 1 38,000 0 0
Cisco COM 17275R102 516 23,000 SH   DFND 1 23,000 0 63,218
Coca Cola Co COM 191216100 5,026 130,000 SH   DFND 1 130,000 0 1,000
Colfax Corporation COM 194014106 77,398 1,085,070 SH   SOLE   1,085,070 0 14,700
Copart Inc COM 217204106 17,831 490,000 SH   DFND 1 490,000 0 1,000
Core Labs NV COM N22717107 1,984 10,000 SH   DFND 1 10,000 0 1,900
Costco COM 22160K105 558 5,000 SH   SOLE   5,000 0 0
Costco COM 22160K105 3,797 34,000 SH   DFND 1 34,000 0 0
Culp Inc COM 230215105 197 10,000 SH   DFND 1 10,000 0 0
Diageo PLC COM 25243Q205 40,928 328,500 SH   SOLE   328,500 0 0
Diageo PLC COM 25243Q205 108,829 873,500 SH   DFND 1 873,500 0 300
Disney COM 254687106 118,864 1,484,500 SH   DFND 1 1,484,500 0 0
ENI Spa ADR COM 26874R108 8,378 167,000 SH   DFND 1 167,000 0 20,820
Ecolab COM 278865100 7,559 70,000 SH   DFND 1 70,000 0 24,000
Emerson Electric COM 291011104 10,554 158,000 SH   DFND 1 158,000 0 0
Expeditors Int'l Wash Inc COM 302130109 5,429 137,000 SH   DFND 1 137,000 0 400
Exxon Corporation COM 30231G102 19,516 199,800 SH   SOLE   199,800 0 4,900
Exxon Corporation COM 30231G102 65,348 669,000 SH   DFND 1 669,000 0 6,300
Factset Research COM 303075105 8,840 82,000 SH   DFND 1 82,000 0 0
Fairfax Financial Holdings Ltd COM 303901102 85,366 197,104 SH   SOLE   197,104 0 0
Fairfax Financial Holdings Ltd COM 303901102 35,668 82,355 SH   DFND 1 82,355 0 13,466
Federated Investors COM 314211103 305 10,000 SH   SOLE   10,000 0 0
Federated Investors COM 314211103 64,867 2,124,000 SH   DFND 1 2,124,000 0 0
Fidelity National Financial COM 31620R105 2,389 76,000 SH   DFND 1 76,000 0 0
General Dynamics COM 369550108 42,152 387,000 SH   DFND 1 387,000 0 0
General Electric COM 369604103 68,091 2,630,000 SH   DFND 1 2,630,000 0 21,700
Google COM 38259P508 13,931 12,500 SH   DFND 1 12,500 0 3,700
Graham Holdings Co COM 384637104 3,659 5,200 SH   DFND 1 5,200 0 11,400
Hasbro, Inc COM 418056107 12,181 219,000 SH   DFND 1 219,000 0 31,300
Heritage Crystal Clean Inc COM 42726M106 2,793 154,041 SH   DFND 1 154,041 0 0
Home Depot COM 437076102 1,583 20,000 SH   SOLE   20,000 0 100
Home Depot COM 437076102 71,217 900,000 SH   DFND 1 900,000 0 2,800
Illinois Tool Works COM 452308109 18,706 230,000 SH   DFND 1 230,000 0 0
Intel COM 458140100 1,549 60,000 SH   SOLE   60,000 0 0
Intel COM 458140100 24,033 931,000 SH   DFND 1 931,000 0 15,900
International Game Technology COM 459902102 3,515 250,000 SH   SOLE   250,000 0 11,200
International Game Technology COM 459902102 9,350 665,000 SH   DFND 1 665,000 0 0
Investors Title Company COM 461804106 16,189 213,300 SH   DFND 1 213,300 0 13,700
Johnson and Johnson COM 478160104 5,403 55,000 SH   SOLE   55,000 0 0
Johnson and Johnson COM 478160104 51,001 519,200 SH   DFND 1 519,200 0 200
KKR & Co LLC COM 48248M102 7,377 323,000 SH   DFND 1 323,000 0 0
Liberty Media COM 531229102 22,878 175,000 SH   DFND 1 175,000 0 16,700
Loews Corporation COM 540424108 9,250 210,000 SH   DFND 1 210,000 0 2,800
Lowes COM 548661107 4,645 95,000 SH   SOLE   95,000 0 0
Lowes COM 548661107 21,760 445,000 SH   DFND 1 445,000 0 6,400
MSCI COM 55354g100 1,420 33,000 SH   DFND 1 33,000 0 0
Marriott International COM 571903202 0 0 SH   SOLE   0 0 0
Marriott International COM 571903202 72,987 1,302,869 SH   DFND 1 1,302,869 0 0
Marsh & McLennan COM 571748102 592 12,000 SH   DFND 1 12,000 0 0
Mastercard, Inc COM 57636Q104 5,976 80,000 SH   DFND 1 80,000 0 20,400
Mattel COM 577081102 8,945 223,000 SH   DFND 1 223,000 0 0
McDonalds COM 580135101 17,743 181,000 SH   DFND 1 181,000 0 0
McGraw Hill Financial COM 580645109 4,578 60,000 SH   DFND 1 60,000 0 44,664
Microsoft Corp COM 594918104 33,530 818,000 SH   DFND 1 818,000 0 0
Monsanto Co COM 61166W101 3,754 33,000 SH   DFND 1 33,000 0 2,500
Moody's Corp COM 615369105 16,419 207,000 SH   DFND 1 207,000 0 3,700
Mosaic Company COM 61945c103 7,750 155,000 SH   DFND 1 155,000 0 0
National Oilwell COM 637071101 24,295 312,000 SH   DFND 1 312,000 0 7,100
Nike COM 654106103 8,863 120,000 SH   DFND 1 120,000 0 2,700
Norfolk Southern COM 655844108 8,940 92,000 SH   DFND 1 92,000 0 400
Northern Trust Corp COM 665859104 9,178 140,000 SH   DFND 1 140,000 0 0
Novo-Nordisk A/S COM 670100205 49,074 1,075,000 SH   DFND 1 1,075,000 0 0
Oracle Corp COM 68389x105 25,855 632,000 SH   DFND 1 632,000 0 400
Patterson Companies Inc. COM 703395103 6,055 145,000 SH   DFND 1 145,000 0 2,400
Paychex COM 704326107 6,390 150,000 SH   DFND 1 150,000 0 0
Pepsico COM 713448108 10,797 129,300 SH   DFND 1 129,300 0 6,200
Philip Morris International COM 718172109 9,374 114,500 SH   DFND 1 114,500 0 0
Potash Corp COM 73755L107 2,898 80,000 SH   DFND 1 80,000 0 9,500
Procter & Gamble COM 742718109 7,657 95,000 SH   DFND 1 95,000 0 0
RLI Corporation COM 749607107 52,967 1,197,272 SH   DFND 1 1,197,272 0 900
Rollins, Inc. COM 775711104 2,268 75,000 SH   DFND 1 75,000 0 0
Ross Stores, Inc COM 778296103 1,646 23,000 SH   DFND 1 23,000 0 1,000
SEI Investments Co COM 784117103 7,629 227,000 SH   DFND 1 227,000 0 0
Schlumberger COM 806857108 25,350 260,000 SH   DFND 1 260,000 0 0
Starz Liberty Capital COM 85571Q102 387 12,000 SH   DFND 1 12,000 0 900
Synalloy Corporation COM 871565107 6,970 485,343 SH   SOLE   485,343 0 2,624
Synalloy Corporation COM 871565107 4,308 300,000 SH   DFND 1 300,000 0 0
T.Rowe Price COM 74144T108 906 11,000 SH   SOLE   11,000 0 0
T.Rowe Price COM 74144T108 19,682 239,000 SH   DFND 1 239,000 0 0
Target COM 87612E106 1,997 33,000 SH   DFND 1 33,000 0 0
Teva Pharmaceuticals COM 881624209 36,671 694,000 SH   DFND 1 694,000 0 0
The Travelers Companies Inc COM 89417e109 5,191 61,000 SH   DFND 1 61,000 0 0
Unilever PLC ADR COM 904767704 25,967 607,000 SH   DFND 1 607,000 0 0
United Health Group Inc COM 91324P102 49,030 598,000 SH   DFND 1 598,000 0 10,300
United Parcel Service COM 911312106 69,675 715,500 SH   DFND 1 715,500 0 0
United Technologies COM 913017109 6,193 53,000 SH   DFND 1 53,000 0 500
Universal Technical Institute COM 913915104 635 49,000 SH   DFND 1 49,000 0 0
Visa COM 92826C839 31,839 147,500 SH   DFND 1 147,500 0 5,900
W.P. Carey COM 92936U109 2,703 45,000 SH   SOLE   45,000 0 0
W.P. Carey COM 92936U109 54,375 905,200 SH   DFND 1 905,200 0 13,900
Wal-Mart Stores COM 931142103 83,920 1,098,000 SH   DFND 1 1,098,000 0 20,300
Walgreen COM 931422109 140,974 2,135,000 SH   DFND 1 2,135,000 0 600
Wellpoint Inc COM 94973V107 13,340 134,000 SH   DFND 1 134,000 0 0