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 EXPRESS CO COM 025816109 1,904 24,494 SH   SOLE   24,494 0 0
AVX CORP NEW COM 002444107 3,072 228,219 SH   SOLE   228,219 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 17,617 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 26,789 196,819 SH   SOLE   196,819 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,670 33,364 SH   SOLE   33,364 0 0
CHUBB CORP COM 171232101 951 10,000 SH   SOLE   10,000 0 0
CNA FINL CORP COM 126117100 1,456 38,100 SH   SOLE   38,100 0 0
COCA COLA CO COM 191216100 1,962 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 2,755 20,402 SH   SOLE   20,402 0 0
DST SYS INC DEL COM 233326107 309 2,450 SH   SOLE   2,450 0 0
EXXON MOBIL CORP COM 30231G102 21,417 257,418 SH   SOLE   257,418 0 0
GENERAL ELECTRIC CO COM 369604103 3,994 150,333 SH   SOLE   150,333 0 0
GOLDCORP INC NEW COM 380956409 8,083 498,972 SH   SOLE   498,972 0 0
INTEL CORP COM 458140100 3,807 125,156 SH   SOLE   125,156 0 0
JOHNSON & JOHNSON COM 478160104 1,970 20,218 SH   SOLE   20,218 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,278 550,678 SH   SOLE   550,678 0 0
LEUCADIA NATL CORP COM 527288104 7,606 313,276 SH   SOLE   313,276 0 0
MEDTRONIC PLC SHS G5960L103 370 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC NEW COM 58933Y105 4,482 78,729 SH   SOLE   78,729 0 0
MERCURY GENL CORP NEW COM 589400100 11,027 198,150 SH   SOLE   198,150 0 0
MICROSOFT CORP COM 594918104 3,795 85,946 SH   SOLE   85,946 0 0
NEWMONT MINING CORP COM 651639106 1,964 84,093 SH   SOLE   84,093 0 0
PEPSICO INC COM 713448108 2,109 22,593 SH   SOLE   22,593 0 0
PRECISION CASTPARTS CORP COM 740189105 1,783 8,923 SH   SOLE   8,923 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 278 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 4,359 88,000 SH   SOLE   88,000 0 0
STATOIL ASA SPONSORED ADR 85771P102 2,306 128,829 SH   SOLE   128,829 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,933 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,524 57,386 SH   SOLE   57,386 0 0
VICAL INC COM 925602104 284 406,321 SH   SOLE   406,321 0 0
WASHINGTON FED INC COM 938824109 5,532 236,914 SH   SOLE   236,914 0 0