<?xml version="1.0" encoding="utf-8"?>
<informationTable xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">
  <infoTable>
    <nameOfIssuer>ABBOTT LABORATORIES</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>002824100</cusip>
    <value>2038</value>
    <shrsOrPrnAmt>
      <sshPrnamt>61405</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>61405</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ABBVIE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00287y109</cusip>
    <value>2746</value>
    <shrsOrPrnAmt>
      <sshPrnamt>61405</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>61405</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ACCURAY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>004397105</cusip>
    <value>402</value>
    <shrsOrPrnAmt>
      <sshPrnamt>54600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>54600</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>AMERICAN INTL GROUP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>026874784</cusip>
    <value>7931</value>
    <shrsOrPrnAmt>
      <sshPrnamt>163096</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>163096</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>APPLE INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>037833100</cusip>
    <value>2181</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4575</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>4575</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BANK OF AMERICA CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>060505104</cusip>
    <value>4721</value>
    <shrsOrPrnAmt>
      <sshPrnamt>342111</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>342111</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BERKSHIRE HATHAWAY B NEW CLASS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>084670702</cusip>
    <value>13133</value>
    <shrsOrPrnAmt>
      <sshPrnamt>115701</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>115701</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BIG 5 SPORTING GOODS CP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>08915p101</cusip>
    <value>3221</value>
    <shrsOrPrnAmt>
      <sshPrnamt>200115</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>200115</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>BLACKBERRY LTD F</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09228f103</cusip>
    <value>1341</value>
    <shrsOrPrnAmt>
      <sshPrnamt>168865</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>168865</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CHEVRON CORPORATION</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>166764100</cusip>
    <value>3476</value>
    <shrsOrPrnAmt>
      <sshPrnamt>28617</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>28617</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CISCO SYSTEMS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>17275r102</cusip>
    <value>4836</value>
    <shrsOrPrnAmt>
      <sshPrnamt>206395</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>206395</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CORNING INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>219350105</cusip>
    <value>4643</value>
    <shrsOrPrnAmt>
      <sshPrnamt>318285</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>318285</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CRIMSON WINE GROUP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>22662x100</cusip>
    <value>159</value>
    <shrsOrPrnAmt>
      <sshPrnamt>16664</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>16664</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DILLARDS INC CL A</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>254067101</cusip>
    <value>4116</value>
    <shrsOrPrnAmt>
      <sshPrnamt>52570</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>52570</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GOOGLE INC CLASS A</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>38259p508</cusip>
    <value>5530</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6314</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>6314</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>HARRIS CORPORATION</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>413875105</cusip>
    <value>6757</value>
    <shrsOrPrnAmt>
      <sshPrnamt>113950</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>113950</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>HOWARD HUGHES CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>44267d107</cusip>
    <value>5557</value>
    <shrsOrPrnAmt>
      <sshPrnamt>49455</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>49455</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LEUCADIA NATIONAL CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>527288104</cusip>
    <value>4542</value>
    <shrsOrPrnAmt>
      <sshPrnamt>166770</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>166770</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LINKEDIN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>53578a108</cusip>
    <value>423</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1720</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>1720</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MARKEL CORP HOLDING COMPANY</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>570535104</cusip>
    <value>4668</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9017</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>9017</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MEDTRONIC INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>585055106</cusip>
    <value>5223</value>
    <shrsOrPrnAmt>
      <sshPrnamt>98100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>98100</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>594918104</cusip>
    <value>6197</value>
    <shrsOrPrnAmt>
      <sshPrnamt>186235</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>186235</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SEARS HOLDINGS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>812350106</cusip>
    <value>3302</value>
    <shrsOrPrnAmt>
      <sshPrnamt>55515</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>55515</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SOLAR SENIOR CAPITAL</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>83416m105</cusip>
    <value>417</value>
    <shrsOrPrnAmt>
      <sshPrnamt>23065</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>23065</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SUPERIOR ENERGY SERVICES</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>868157108</cusip>
    <value>2486</value>
    <shrsOrPrnAmt>
      <sshPrnamt>99310</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>99310</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>TESLA MOTORS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>88160r101</cusip>
    <value>389</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2015</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>2015</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>VODAFONE GROUP NEW ADR F SPONS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>92857w209</cusip>
    <value>7094</value>
    <shrsOrPrnAmt>
      <sshPrnamt>201668</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>201668</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>YAHOO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>984332106</cusip>
    <value>6260</value>
    <shrsOrPrnAmt>
      <sshPrnamt>188735</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>188735</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GLOBAL X ETF SUPERDIVIDEND ETF</nameOfIssuer>
    <titleOfClass>UIUS</titleOfClass>
    <cusip>37950e549</cusip>
    <value>753</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32925</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>32925</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>MARKET VECTORS ETF TRUST GOLD</nameOfIssuer>
    <titleOfClass>UIUS</titleOfClass>
    <cusip>57060u100</cusip>
    <value>981</value>
    <shrsOrPrnAmt>
      <sshPrnamt>39245</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>39245</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>SPDR GOLD TRUST SPDR GOLD SHAR</nameOfIssuer>
    <titleOfClass>UIUS</titleOfClass>
    <cusip>78463v107</cusip>
    <value>4322</value>
    <shrsOrPrnAmt>
      <sshPrnamt>33722</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>33722</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GENERAL GROWTH PPTYS NEW</nameOfIssuer>
    <titleOfClass>OAUS</titleOfClass>
    <cusip>370023103</cusip>
    <value>3077</value>
    <shrsOrPrnAmt>
      <sshPrnamt>159550</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>159550</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>H C P INC REIT</nameOfIssuer>
    <titleOfClass>OAUS</titleOfClass>
    <cusip>40414l109</cusip>
    <value>2940</value>
    <shrsOrPrnAmt>
      <sshPrnamt>71805</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>0</Shared>
      <None>71805</None>
    </votingAuthority>
  </infoTable>
</informationTable>
