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

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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
ABBOTT LABORATORIES COM 002824100 2,038 61,405 SH   SOLE   0 0 61,405
ABBVIE INC COM 00287y109 2,746 61,405 SH   SOLE   0 0 61,405
ACCURAY INC COM 004397105 402 54,600 SH   SOLE   0 0 54,600
ALPHABET INC CLASS A COM 02079k305 5,530 6,314 SH   SOLE   0 0 6,314
AMERICAN INTL GROUP COM 026874784 7,931 163,096 SH   SOLE   0 0 163,096
APPLE INC COM 037833100 2,181 4,575 SH   SOLE   0 0 4,575
BANK OF AMERICA CORP COM 060505104 4,721 342,111 SH   SOLE   0 0 342,111
BERKSHIRE HATHAWAY CLASS B COM 084670702 13,133 115,701 SH   SOLE   0 0 115,701
BIG 5 SPORTING GOODS COM 08915p101 3,221 200,115 SH   SOLE   0 0 200,115
BLACKBERRY LTD F COM 09228f103 1,341 168,865 SH   SOLE   0 0 168,865
CHEVRON CORPORATION COM 166764100 3,476 28,617 SH   SOLE   0 0 28,617
CISCO SYSTEMS INC COM 17275r102 4,836 206,395 SH   SOLE   0 0 206,395
CORNING INC COM 219350105 4,643 318,285 SH   SOLE   0 0 318,285
CRIMSON WINE GROUP COM 22662x100 159 16,664 SH   SOLE   0 0 16,664
DILLARDS INC CLASS A COM 254067101 4,116 52,570 SH   SOLE   0 0 52,570
GENERAL GROWTH PPTYS NEW COM 370023103 3,077 159,550 SH   SOLE   0 0 159,550
HARRIS CORPORATION COM 413875105 6,757 113,950 SH   SOLE   0 0 113,950
HCP INC REIT REIT COM 40414l109 2,940 71,805 SH   SOLE   0 0 71,805
HOWARD HUGHES CORP COM 44267d107 5,557 49,455 SH   SOLE   0 0 49,455
LEUCADIA NATIONAL CO COM 527288104 4,542 166,770 SH   SOLE   0 0 166,770
LINKEDIN CORP CLASS A COM 53578a108 423 1,720 SH   SOLE   0 0 1,720
MARKEL CORP COM 570535104 4,668 9,017 SH   SOLE   0 0 9,017
MEDTRONIC PLC F COM g5960l103 5,223 98,100 SH   SOLE   0 0 98,100
MICROSOFT CORP COM 594918104 6,197 186,235 SH   SOLE   0 0 186,235
SEARS HOLDINGS CORP COM 812350106 3,302 55,515 SH   SOLE   0 0 55,515
SOLAR SENIOR CAPITAL COM 83416m105 417 23,065 SH   SOLE   0 0 23,065
SUPERIOR ENERGY SERVICES COM 868157108 2,486 99,310 SH   SOLE   0 0 99,310
TESLA MOTORS INC COM 88160r101 389 2,015 SH   SOLE   0 0 2,015
VODAFONE GROUP F ADR 1 ADR REP COM 92857w308 7,094 201,668 SH   SOLE   0 0 201,668
YAHOO INC COM 984332106 6,260 188,735 SH   SOLE   0 0 188,735
GLOBAL X SUPERDIVIDEND ETF UIUS 37950e549 753 32,925 SH   SOLE   0 0 32,925
MARKET VECTORS GOLD MINERS ETF UIUS 57060u100 981 39,245 SH   SOLE   0 0 39,245
SPDR GOLD SHARES ETF UIUS 78463v107 4,306 33,595 SH   SOLE   0 0 33,595
ISHARES 1-3 YEAR CREDIT BOND E UHUS 464288646 1,970 18,720 SH   SOLE   0 0 18,720
ISHARES INTERM CREDIT BOND ETF UHUS 464288638 639 5,925 SH   SOLE   0 0 5,925