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 2,323 36,267 SH   SOLE   36,267 0 0
AVX CORP NEW COM 002444107 3,081 223,449 SH   SOLE   223,449 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 18,595 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 27,248 188,605 SH   SOLE   188,605 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,570 56,018 SH   SOLE   56,018 0 0
CHUBB LIMITED COM H1467J104 756 6,018 SH   SOLE   6,018 0 0
CNA FINL CORP COM 126117100 1,293 37,580 SH   SOLE   37,580 0 0
COCA COLA CO COM 191216100 2,116 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,096 20,302 SH   SOLE   20,302 0 0
DST SYS INC DEL COM 233326107 650 5,514 SH   SOLE   5,514 0 0
EXXON MOBIL CORP COM 30231G102 9,319 106,768 SH   SOLE   106,768 0 0
GENERAL ELECTRIC CO COM 369604103 3,833 129,415 SH   SOLE   129,415 0 0
GOLDCORP INC NEW COM 380956409 6,175 373,810 SH   SOLE   373,810 0 0
HEXCEL CORP NEW COM 428291108 3,673 82,904 SH   SOLE   82,904 0 0
INTEL CORP COM 458140100 3,289 87,125 SH   SOLE   87,125 0 0
JOHNSON & JOHNSON COM 478160104 2,347 19,870 SH   SOLE   19,870 0 0
KINROSS GOLD CORP COM NO PAR 496902404 2,231 529,940 SH   SOLE   529,940 0 0
LEUCADIA NATL CORP COM 527288104 5,808 305,027 SH   SOLE   305,027 0 0
MEDTRONIC PLC SHS G5960L103 432 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC COM 58933Y105 4,898 78,477 SH   SOLE   78,477 0 0
MERCURY GENL CORP NEW COM 589400100 9,313 169,788 SH   SOLE   169,788 0 0
NEWMONT MINING CORP COM 651639106 7,775 197,896 SH   SOLE   197,896 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 244 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 4,040 105,774 SH   SOLE   105,774 0 0
STATOIL ASA SPONSORED ADR 85771P102 2,133 126,974 SH   SOLE   126,974 0 0
SYNCHRONY FINL COM 87165B103 267 9,532 SH   SOLE   9,532 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,291 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,790 56,001 SH   SOLE   56,001 0 0
VICAL INC COM NEW 925602203 112 36,848 SH   SOLE   36,848 0 0
WASHINGTON FED INC COM 938824109 6,165 231,068 SH   SOLE   231,068 0 0