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
BANK OF AMERIC 7.25 PFD CONV S CPUS 060505682 282 214 SH   SOLE   0 0 214
ABBOTT LABORATORIES COM 002824100 2,556 44,798 SH   SOLE   0 0 44,798
ABBVIE INC COM 00287y109 6,787 70,185 SH   SOLE   0 0 70,185
ACCURAY INC COM 004397105 43 10,000 SH   SOLE   0 0 10,000
ALPHABET INC. CLASS A COM 02079k305 4,322 4,103 SH   SOLE   0 0 4,103
ALPHABET INC. CLASS C COM 02079k107 4,687 4,480 SH   SOLE   0 0 4,480
AMERICAN INTL GROUP COM 026874784 4,348 72,993 SH   SOLE   0 0 72,993
APPLE INC COM 037833100 4,179 24,696 SH   SOLE   0 0 24,696
BANK OF AMERICA CORP COM 060505104 7,128 241,490 SH   SOLE   0 0 241,490
BERKSHIRE HATHAWAY CLASS B COM 084670702 20,504 103,443 SH   SOLE   0 0 103,443
CISCO SYSTEMS INC COM 17275r102 6,335 165,414 SH   SOLE   0 0 165,414
COHEN STEERS REIT PREFER COM 19247x100 427 20,088 SH   SOLE   0 0 20,088
CORNING INC COM 219350105 5,173 161,720 SH   SOLE   0 0 161,720
CRIMSON WINE GROUP COM 22662x100 130 12,203 SH   SOLE   0 0 12,203
DISCOVERY COMM INC CLASS C COM 25470f302 2,252 106,420 SH   SOLE   0 0 106,420
DUFF & PHELPS UTILITY & COM 26432k108 221 25,065 SH   SOLE   0 0 25,065
HOWARD HUGHES CORP COM 44267d107 6,069 46,233 SH   SOLE   0 0 46,233
JD.COM INC F SPONSORED ADR 1 A COM 47215p106 2,172 52,455 SH   SOLE   0 0 52,455
LIBERTY MEDIA CORP SERIES C LI COM 531229888 226 10,215 SH   SOLE   0 0 10,215
LIBERTY MEDIA CORP SERIES C LI COM 531229854 4,623 135,353 SH   SOLE   0 0 135,353
LIBERTY MEDIA CORP SERIES C LI COM 531229607 4,171 105,179 SH   SOLE   0 0 105,179
MARKEL CORP COM 570535104 7,014 6,158 SH   SOLE   0 0 6,158
MICROSOFT CORP COM 594918104 6,246 73,021 SH   SOLE   0 0 73,021
MOMNTMSHRS US QUNTITATV MOMNTM COM 02072l409 226 7,920 SH   SOLE   0 0 7,920
NEW RESIDENTIAL INVE REIT COM 64828t201 2,410 134,790 SH   SOLE   0 0 134,790
NORTHWEST NATURAL GA COM 667655104 238 4,000 SH   SOLE   0 0 4,000
PROSHARES SHORT S&P 500 ETF NE COM 74347b425 1,779 58,954 SH   SOLE   0 0 58,954
SOLAR SENIOR CAPITAL COM 83416m105 359 20,265 SH   SOLE   0 0 20,265
TESLA INC COM 88160r101 770 2,475 SH   SOLE   0 0 2,475
VALUESHARES INTRNTNL QNTV VAL COM 02072l201 777 23,530 SH   SOLE   0 0 23,530
VALUESHARES U S QUANTITATIVE V COM 02072l102 5,710 185,950 SH   SOLE   0 0 185,950
VEREIT INC REIT COM 92339v100 99 12,787 SH   SOLE   0 0 12,787
VODAFONE GROUP F SPONSORED ADR COM 92857w308 4,575 143,431 SH   SOLE   0 0 143,431
WISDOMTREE FUNDAMENTAL US SHOR COM 97717x149 371 7,570 SH   SOLE   0 0 7,570
CAMBRIA GLOBAL VALUE ETF UIUS 132061409 4,012 156,671 SH   SOLE   0 0 156,671
SPDR GOLD SHARES ETF UIUS 78463v107 5,773 46,692 SH   SOLE   0 0 46,692
VANECK VECTORS GOLD MINERS ETF UIUS 92189f106 2,630 113,170 SH   SOLE   0 0 113,170
WISDOMTREE EMRG MRKT HG DIV ET UIUS 97717w315 3,381 74,565 SH   SOLE   0 0 74,565
BLACKROCK CALIFORNIA MUN UHUS 09249c105 616 42,370 SH   SOLE   0 0 42,370
ISHARES 1-3 YEAR CREDIT BOND E UHUS 464288646 1,950 18,660 SH   SOLE   0 0 18,660
ISHARES INTERM CREDIT BOND ETF UHUS 464288638 613 5,615 SH   SOLE   0 0 5,615
SCHWAB SHORT TERM US TREASURY UHUS 808524862 350 7,015 SH   SOLE   0 0 7,015
SPDR NUVEEN BARCLAYS XXX REVER UHUS 78464a425 1,689 35,274 SH   SOLE   0 0 35,274