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 247 198 SH   SOLE   0 0 198
ABBOTT LABORATORIES COM 002824100 2,595 42,563 SH   SOLE   0 0 42,563
ABBVIE INC COM 00287y109 4,524 48,835 SH   SOLE   0 0 48,835
ACCURAY INC COM 004397105 41 10,000 SH   SOLE   0 0 10,000
ALPHA ARCHTCT INTR QUNTV VAL E COM 02072l201 3,803 123,530 SH   SOLE   0 0 123,530
ALPHA ARCHTCT US QUNTV MTNM ET COM 02072l409 243 7,920 SH   SOLE   0 0 7,920
ALPHA ARCHTCT US QUNTV VAL ETF COM 02072l102 5,849 188,135 SH   SOLE   0 0 188,135
ALPHABET INC. CLASS A COM 02079k305 4,633 4,103 SH   SOLE   0 0 4,103
ALPHABET INC. CLASS C COM 02079k107 4,998 4,480 SH   SOLE   0 0 4,480
APPLE INC COM 037833100 4,577 24,728 SH   SOLE   0 0 24,728
BANK OF AMERICA CORP COM 060505104 4,957 175,860 SH   SOLE   0 0 175,860
BERKSHIRE HATHAWAY CLASS B COM 084670702 19,008 101,840 SH   SOLE   0 0 101,840
CISCO SYSTEMS INC COM 17275r102 6,086 141,445 SH   SOLE   0 0 141,445
COHEN STEERS REIT PREFER COM 19247x100 485 25,018 SH   SOLE   0 0 25,018
CORNING INC COM 219350105 4,448 161,720 SH   SOLE   0 0 161,720
CRIMSON WINE GROUP COM 22662x100 112 12,203 SH   SOLE   0 0 12,203
DISCOVERY INC CLASS C COM 25470f302 2,602 102,066 SH   SOLE   0 0 102,066
HOWARD HUGHES CORP COM 44267d107 6,129 46,263 SH   SOLE   0 0 46,263
JD COMMON INC F SPONSORED ADR COM 47215p106 2,043 52,455 SH   SOLE   0 0 52,455
LIBERTY MEDIA CORP SERIES C LI COM 531229888 264 10,215 SH   SOLE   0 0 10,215
LIBERTY MEDIA CORP SERIES C LI COM 531229854 5,025 135,353 SH   SOLE   0 0 135,353
LIBERTY MEDIA CORP SERIES C LI COM 531229607 4,881 107,624 SH   SOLE   0 0 107,624
MARKEL CORP COM 570535104 5,318 4,905 SH   SOLE   0 0 4,905
MICROSOFT CORP COM 594918104 7,200 73,021 SH   SOLE   0 0 73,021
NEW RESIDENTIAL INVE REIT COM 64828t201 2,487 142,235 SH   SOLE   0 0 142,235
NORTHWEST NATURAL GA COM 667655104 255 4,000 SH   SOLE   0 0 4,000
PROSHARES SHORT S&P 500 ETF NE COM 74347b425 4,662 158,954 SH   SOLE   0 0 158,954
SOLAR SENIOR CAPITAL COM 83416m105 293 17,980 SH   SOLE   0 0 17,980
TESLA INC COM 88160r101 804 2,345 SH   SOLE   0 0 2,345
VEREIT INC REIT COM 92339v100 95 12,787 SH   SOLE   0 0 12,787
WALT DISNEY CO COM 254687106 3,516 33,550 SH   SOLE   0 0 33,550
WISDOMTREE FUNDAMENTAL US SHOR COM 97717x149 340 6,880 SH   SOLE   0 0 6,880
CAMBRIA GLOBAL VALUE ETF UIUS 132061409 3,738 157,621 SH   SOLE   0 0 157,621
SPDR GOLD SHARES ETF UIUS 78463v107 5,556 46,828 SH   SOLE   0 0 46,828
VANECK VECTORS GOLD MINERS ETF UIUS 92189f106 2,524 113,170 SH   SOLE   0 0 113,170
WISDOMTREE EMRG MRKT HG DIV ET UIUS 97717w315 3,209 74,870 SH   SOLE   0 0 74,870
WISDOMTREE JAPAN HEDGED EQUITY UIUS 97717w851 5,414 100,300 SH   SOLE   0 0 100,300
BLACKROCK CALIFORNIA MUN UHUS 09249c105 626 42,370 SH   SOLE   0 0 42,370
ISHARES INTERM CREDIT BOND ETF UHUS 464288638 596 5,615 SH   SOLE   0 0 5,615
SPDR NUVEEN BARCLAYS XXX REVER UHUS 78464a425 1,676 34,924 SH   SOLE   0 0 34,924