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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABORATORIES COM 002824100   1,916 48,742 SH   SOLE   0 0 48,742
ABBVIE INC COM 00287y109   4,686 75,701 SH   SOLE   0 0 75,701
ACCURAY INC COM 004397105   114 22,000 SH   SOLE   0 0 22,000
ALLEGHANY CORP DEL COM 017175100   5,042 9,175 SH   SOLE   0 0 9,175
ALPHABET INC. CLASS A COM 02079k305   2,990 4,251 SH   SOLE   0 0 4,251
ALPHABET INC. CLASS C COM 02079k107   3,195 4,617 SH   SOLE   0 0 4,617
AMERICAN INTL GROUP COM 026874784   4,057 76,708 SH   SOLE   0 0 76,708
APPLE INC COM 037833100   2,467 25,807 SH   SOLE   0 0 25,807
BANK OF AMERICA CORP COM 060505104   4,410 332,370 SH   SOLE   0 0 332,370
BERKSHIRE HATHAWAY CLASS B COM 084670702   15,482 106,933 SH   SOLE   0 0 106,933
CISCO SYSTEMS INC COM 17275r102   4,915 171,320 SH   SOLE   0 0 171,320
COHEN STEERS REIT PREFER COM 19247x100   211 10,278 SH   SOLE   0 0 10,278
CORNING INC COM 219350105   2,999 146,475 SH   SOLE   0 0 146,475
CRIMSON WINE GROUP COM 22662x100   110 13,169 SH   SOLE   0 0 13,169
DUFF & PHELPS UTILITY & COM 26432k108   265 27,245 SH   SOLE   0 0 27,245
GUGGENHEIM S&P 500 EQL WEIGHT COM 78355w106   269 3,350 SH   SOLE   0 0 3,350
HOWARD HUGHES CORP COM 44267d107   5,479 47,931 SH   SOLE   0 0 47,931
LIBERTY MEDIA CORP SERIES C LI COM 531229888   160 10,969 SH   SOLE   0 0 10,969
LIBERTY MEDIA CORP SERIES C LI COM 531229854   3,991 210,432 SH   SOLE   0 0 210,432
LIBERTY MEDIA CORP SERIES C LI COM 531229607   3,391 109,879 SH   SOLE   0 0 109,879
MARKEL CORP COM 570535104   6,104 6,407 SH   SOLE   0 0 6,407
MEDTRONIC PLC F COM g5960l103   5,804 66,890 SH   SOLE   0 0 66,890
MICROSOFT CORP COM 594918104   4,808 93,972 SH   SOLE   0 0 93,972
NEW YORK REIT INC REIT COM 64976l109   98 10,632 SH   SOLE   0 0 10,632
NORTHWEST NATURAL GA COM 667655104   259 4,000 SH   SOLE   0 0 4,000
PROSHARES SHORT S&P 500 ETF NE COM 74347b425   4,042 101,954 SH   SOLE   0 0 101,954
QUALCOMM INC COM 747525103   2,376 44,360 SH   SOLE   0 0 44,360
SOLAR SENIOR CAPITAL COM 83416m105   314 19,540 SH   SOLE   0 0 19,540
TESLA MOTORS INC COM 88160r101   571 2,690 SH   SOLE   0 0 2,690
TRINET GROUP INC COM 896288107   334 16,100 SH   SOLE   0 0 16,100
VALUESHARES INTRNTNL QNTV VAL COM 02072l201   353 16,160 SH   SOLE   0 0 16,160
VALUESHARES U S QUANTITATIVE V COM 02072l102   4,019 188,060 SH   SOLE   0 0 188,060
VEREIT INC REIT COM 92339v100   129 12,787 SH   SOLE   0 0 12,787
VODAFONE GROUP F ADR 1 ADR REP COM 92857w308   4,808 155,661 SH   SOLE   0 0 155,661
WISDOMTREE FUNDAMENTAL US SHOR COM 97717x149   285 5,720 SH   SOLE   0 0 5,720
CAMBRIA GLOBAL VALUE ETF IV UIUS 132061409   2,993 163,986 SH   SOLE   0 0 163,986
SPDR GOLD SHARES ETF UIUS 78463v107   5,934 46,924 SH   SOLE   0 0 46,924
VANECK VECTORS GOLD MINERS ETF UIUS 92189f106   2,978 107,475 SH   SOLE   0 0 107,475
BLACKROCK CALIFORNIA MUN UHUS 09249c105   512 33,770 SH   SOLE   0 0 33,770
ISHARES 1-3 YEAR CREDIT BOND E UHUS 464288646   1,986 18,720 SH   SOLE   0 0 18,720
ISHARES CORE 1 5 YEAR USD BOND UHUS 46432f859   253 2,500 SH   SOLE   0 0 2,500
ISHARES INTERM CREDIT BOND ETF UHUS 464288638   629 5,660 SH   SOLE   0 0 5,660
SPDR NUVEEN BARCLAYS XXX REVER UHUS 78464a425   1,976 40,261 SH   SOLE   0 0 40,261