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 275 214 SH   SOLE   0 0 214
ABBOTT LABORATORIES COM 002824100 2,654 44,298 SH   SOLE   0 0 44,298
ABBVIE INC COM 00287y109 4,622 48,835 SH   SOLE   0 0 48,835
ACCURAY INC COM 004397105 50 10,000 SH   SOLE   0 0 10,000
ALPHA ARCHTCT INTR QUNTV VAL E COM 02072l201 3,986 122,090 SH   SOLE   0 0 122,090
ALPHA ARCHTCT US QUNTV MTNM ET COM 02072l409 236 7,920 SH   SOLE   0 0 7,920
ALPHA ARCHTCT US QUNTV VAL ETF COM 02072l102 5,644 186,905 SH   SOLE   0 0 186,905
ALPHABET INC. CLASS A COM 02079k305 4,255 4,103 SH   SOLE   0 0 4,103
ALPHABET INC. CLASS C COM 02079k107 4,622 4,480 SH   SOLE   0 0 4,480
AMERICAN INTL GROUP COM 026874784 3,972 72,993 SH   SOLE   0 0 72,993
APPLE INC COM 037833100 4,143 24,698 SH   SOLE   0 0 24,698
BANK OF AMERICA CORP COM 060505104 5,276 175,930 SH   SOLE   0 0 175,930
BERKSHIRE HATHAWAY CLASS B COM 084670702 20,634 103,443 SH   SOLE   0 0 103,443
CISCO SYSTEMS INC COM 17275r102 6,066 141,445 SH   SOLE   0 0 141,445
COHEN STEERS REIT PREFER COM 19247x100 462 24,768 SH   SOLE   0 0 24,768
CORNING INC COM 219350105 4,508 161,720 SH   SOLE   0 0 161,720
CRIMSON WINE GROUP COM 22662x100 120 12,203 SH   SOLE   0 0 12,203
DISCOVERY INC CLASS C COM 25470f302 2,070 106,070 SH   SOLE   0 0 106,070
HOWARD HUGHES CORP COM 44267d107 6,436 46,263 SH   SOLE   0 0 46,263
JD.COM INC F SPONSORED ADR 1 A COM 47215p106 2,123 52,455 SH   SOLE   0 0 52,455
LIBERTY MEDIA CORP SERIES C LI COM 531229888 233 10,215 SH   SOLE   0 0 10,215
LIBERTY MEDIA CORP SERIES C LI COM 531229854 4,175 135,353 SH   SOLE   0 0 135,353
LIBERTY MEDIA CORP SERIES C LI COM 531229607 4,405 107,839 SH   SOLE   0 0 107,839
MARKEL CORP COM 570535104 7,206 6,158 SH   SOLE   0 0 6,158
MICROSOFT CORP COM 594918104 6,664 73,021 SH   SOLE   0 0 73,021
NEW RESIDENTIAL INVE REIT COM 64828t201 2,217 134,790 SH   SOLE   0 0 134,790
NORTHWEST NATURAL GA COM 667655104 230 4,000 SH   SOLE   0 0 4,000
PROSHARES SHORT S&P 500 ETF NE COM 74347b425 4,816 158,954 SH   SOLE   0 0 158,954
SOLAR SENIOR CAPITAL COM 83416m105 302 17,980 SH   SOLE   0 0 17,980
TESLA INC COM 88160r101 638 2,400 SH   SOLE   0 0 2,400
VEREIT INC REIT COM 92339v100 88 12,787 SH   SOLE   0 0 12,787
WISDOMTREE FUNDAMENTAL US SHOR COM 97717x149 369 7,570 SH   SOLE   0 0 7,570
CAMBRIA GLOBAL VALUE ETF UIUS 132061409 4,120 156,671 SH   SOLE   0 0 156,671
SPDR GOLD SHARES ETF UIUS 78463v107 5,875 46,707 SH   SOLE   0 0 46,707
VANECK VECTORS GOLD MINERS ETF UIUS 92189f106 2,487 113,170 SH   SOLE   0 0 113,170
WISDOMTREE EMRG MRKT HG DIV ET UIUS 97717w315 3,575 74,770 SH   SOLE   0 0 74,770
WISDOMTREE JAPAN HEDGED EQUITY UIUS 97717w851 3,497 62,445 SH   SOLE   0 0 62,445
BLACKROCK CALIFORNIA MUN UHUS 09249c105 625 42,370 SH   SOLE   0 0 42,370
ISHARES 1-3 YEAR CREDIT BOND E UHUS 464288646 1,933 18,630 SH   SOLE   0 0 18,630
ISHARES INTERM CREDIT BOND ETF UHUS 464288638 602 5,615 SH   SOLE   0 0 5,615
SCHWAB SHORT TERM US TREASURY UHUS 808524862 321 6,455 SH   SOLE   0 0 6,455
SPDR NUVEEN BARCLAYS XXX REVER UHUS 78464a425 1,658 34,684 SH   SOLE   0 0 34,684