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
AVX CORP NEW COM 002444107 3,051 219,022 SH   SOLE   219,022 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 15,299 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 27,480 231,785 SH   SOLE   231,785 0 0
CHUBB CORP COM 171232101 966 10,000 SH   SOLE   10,000 0 0
CNA FINL CORP COM 126117100 1,636 38,155 SH   SOLE   38,155 0 0
COCA COLA CO COM 191216100 2,066 50,000 SH   SOLE   50,000 0 0
CONTAINER STORE GROUP INC COM 210751103 559 12,000 SH   SOLE   12,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,440 20,502 SH   SOLE   20,502 0 0
EXXON MOBIL CORP COM 30231G102 28,790 284,486 SH   SOLE   284,486 0 0
GENERAL ELECTRIC CO COM 369604103 4,213 150,321 SH   SOLE   150,321 0 0
GOLDCORP INC NEW COM 380956409 4,595 212,050 SH   SOLE   212,050 0 0
INTEL CORP COM 458140100 7,467 287,680 SH   SOLE   287,680 0 0
JOHNSON & JOHNSON COM 478160104 5,313 58,005 SH   SOLE   58,005 0 0
KINROSS GOLD CORP COM NO PAR 496902404 3,692 842,878 SH   SOLE   842,878 0 0
LEUCADIA NATL CORP COM 527288104 8,151 287,625 SH   SOLE   287,625 0 0
MEDTRONIC INC COM 585055106 287 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC NEW COM 58933Y105 6,895 137,754 SH   SOLE   137,754 0 0
MERCURY GENL CORP NEW COM 589400100 12,992 261,360 SH   SOLE   261,360 0 0
MICROSOFT CORP COM 594918104 5,481 146,505 SH   SOLE   146,505 0 0
MOLSON COORS BREWING CO CL A 60871R100 281 5,000 SH   SOLE   5,000 0 0
NEWMONT MINING CORP COM 651639106 6,963 302,328 SH   SOLE   302,328 0 0
PEPSICO INC COM 713448108 4,125 49,730 SH   SOLE   49,730 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 2,194 95,700 SH   SOLE   95,700 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 917 12,868 SH   SOLE   12,868 0 0
SANOFI SPONSORED ADR 80105N105 4,748 88,540 SH   SOLE   88,540 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,161 10,000 SH   SOLE   10,000 0 0
STATOIL ASA SPONSORED ADR 85771P102 4,065 168,480 SH   SOLE   168,480 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,811 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,318 57,531 SH   SOLE   57,531 0 0
VICAL INC COM 925602104 482 408,421 SH   SOLE   408,421 0 0
WASHINGTON FED INC COM 938824109 5,535 237,640 SH   SOLE   237,640 0 0