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
Actuant Corporation CL A NEW 00508X203 41,429 1,353,014 SH   SOLE   1,353,014 0 0
Alleghany Corp COM 17175100 745 1,884 SH   SOLE   1,884 0 0
American Express Company COM 25816109 614 9,107 SH   SOLE   9,107 0 0
American Public Education COM 02913V103 64,069 1,836,318 SH   SOLE   1,836,318 0 0
Ascent Capital Group COM SER A 43632108 388 5,221 SH   SOLE   5,221 0 0
Automatic Data Processing COM 53015103 633 9,744 SH   SOLE   9,744 0 0
Berkshire Hathaway Inc A CL A 84670108 1,406 9 SH   SOLE   9 0 0
Berkshire Hathaway Inc B CL B NEW 84670702 1,873 17,981 SH   SOLE   17,981 0 0
Brookfield Asset Manageme CL A LTD VT SH 112585104 1,646 45,112 SH   SOLE   45,112 0 0
Capital Southwest Corpora COM 140501107 626 5,451 SH   SOLE   5,451 0 0
Cherokee Inc COM 16444H102 9,970 727,769 SH   SOLE   727,769 0 0
Choice Hotels Internation COM 169905106 423 10,000 SH   SOLE   10,000 0 0
Colfax Corporation COM 194014106 56,968 1,224,085 SH   SOLE   1,224,085 0 0
Conagra Food Inc COM 205887102 358 10,000 SH   SOLE   10,000 0 0
ConocoPhillips COM 20825C104 1,803 30,000 SH   SOLE   30,000 0 0
Contango Oil & Gas Co COM 21075N204 619 15,451 SH   SOLE   15,451 0 0
Corporate Executive Board COM 21988R102 47,011 808,306 SH   SOLE   808,306 0 0
EBIX COM NEW 278715206 610 37,665 SH   SOLE   37,665 0 0
Emerson Electric Co COM 291011104 430 7,711 SH   SOLE   7,711 0 0
Expeditors International COM 302130109 293 8,203 SH   SOLE   8,203 0 0
Female Health Co COM 314462102 29,857 4,124,023 SH   SOLE   4,124,023 0 0
Greenlight Capital Re Lt CL A G4095J109 1,118 45,741 SH   SOLE   45,741 0 0
Hallmark Financial Servic COM NEW 40624Q203 17,137 1,904,198 SH   SOLE   1,904,198 0 0
Heico CP CL A CL A 422806208 20,715 603,762 SH   SOLE   603,762 0 0
Hospitality Properties COM SH BEN INT 44106M102 656 23,915 SH   SOLE   23,915 0 0
Interactive Intelligence COM 45841V109 89,652 2,021,483 SH   SOLE   2,021,483 0 0
Interval Leisure Group COM 46113M108 12,740 586,031 SH   SOLE   586,031 0 0
INTL FCStone Inc COM 46116V105 54,704 3,142,155 SH   SOLE   3,142,155 0 0
Kinder Morgan Energy LP UT LTD PARTNER 494550106 861 9,600 SH   SOLE   9,600 0 0
Kinder Morgan Management SHS 49455U100 316 3,599 SH   SOLE   3,599 0 0
Leucadia National Corp COM 527288104 484 17,658 SH   SOLE   17,658 0 0
Lockheed Martin Corporati COM 539830109 682 7,075 SH   SOLE   7,075 0 0
Masimo Corporation COM 574795100 41,114 2,095,534 SH   SOLE   2,095,534 0 0
Microsoft Corp COM 594918104 684 23,944 SH   SOLE   23,944 0 0
Morningstar Inc COM 617700109 11,644 166,543 SH   SOLE   166,543 0 0
National Retail Propertie COM 637417106 506 14,000 SH   SOLE   14,000 0 0
Occidental Petroleum COM 674599105 940 12,000 SH   SOLE   12,000 0 0
Omega Flex Inc COM 682095104 9,403 547,009 SH   SOLE   547,009 0 0
Pennsylvania Real Estate SH BEN INT 709102107 196 10,155 SH   SOLE   10,155 0 0
Pfizer Inc COM 717081103 478 16,579 SH   SOLE   16,579 0 0
Phillips 66 Common Stock COM 718546104 1,049 15,000 SH   SOLE   15,000 0 0
Pizza Inn Holdings Inc COM 725846109 558 126,530 SH   SOLE   126,530 0 0
PowerShares Emerging Mark SOVEREIGN DEBT 73936T573 556 18,693 SH   SOLE   18,693 0 0
PoweShares Insured Naiona INSUR NATL MUN 73936T474 1,236 48,713 SH   SOLE   48,713 0 0
RealD Inc COM 75604L105 61,071 4,697,775 SH   SOLE   4,697,775 0 0
Reis Inc COM 75936P105 3,219 207,200 SH   SOLE   207,200 0 0
Sears Holdings Corporatio COM 812350106 322 6,458 SH   SOLE   6,458 0 0
SPDR S&P Middle East & Af MIDEAST AFRICA 78463X806 630 9,398 SH   SOLE   9,398 0 0
Stamps com Inc COM NEW 852857200 11,149 446,504 SH   SOLE   446,504 0 0
Stratasys LTD SHS M85548101 267 3,598 SH   SOLE   3,598 0 0
Tandy Leather Factory Inc COM 87538X105 11,640 1,634,863 SH   SOLE   1,634,863 0 0
The Middleby Corporation COM 596278101 38,462 252,794 SH   SOLE   252,794 0 0
Travelcenters of America COM 894174101 287 30,000 SH   SOLE   30,000 0 0
Travelzoo Inc COM 89421Q106 19,903 931,393 SH   SOLE   931,393 0 0
Utah Medical Products COM 917488108 20,622 422,847 SH   SOLE   422,847 0 0
Vanguard MBS ETF MORTG-BACK SEC 92206C771 389 7,469 SH   SOLE   7,469 0 0
Vanguard ST Corp Bond ETF SHRT TRM CORP BD 92206C409 1,010 12,575 SH   SOLE   12,575 0 0
Vanguard Value ETF VALUE ETF 922908744 901 13,754 SH   SOLE   13,754 0 0
Walgreen Co COM 931422109 212 4,466 SH   SOLE   4,466 0 0
Weingarten Realty SH BEN INT 948741103 249 7,900 SH   SOLE   7,900 0 0
Western Union Co COM 959802109 308 20,539 SH   SOLE   20,539 0 0
Weyehaeuser Company COM 962166104 940 29,966 SH   SOLE   29,966 0 0
White Mountains Insurance COM G9618E107 767 1,354 SH   SOLE   1,354 0 0
Winmark Corp COM 974250102 52,678 836,300 SH   SOLE   836,300 0 0
XCEL Energy Inc COM 98389B100 772 26,000 SH   SOLE   26,000 0 0
iShares Treas Inflation BARCLYS TIPS BD 464287176 233 1,923 SH   SOLE   1,923 0 0
SPDR Lehman Intl Treasury BRCLYS INTL ETF 78464A516 996 17,033 SH   SOLE   17,033 0 0
Vanguard Emerging Markets FTSE EMR MKT ETF 922042858 877 20,459 SH   SOLE   20,459 0 0
Vanguard European VIPER MSCI EUROPE ETF 922042874 683 13,917 SH   SOLE   13,917 0 0
XPO Logistics Inc COM 983793100 19,667 1,167,924 SH   SOLE   1,167,924 0 0
Zimmer Holdings Inc COM 98956P102 643 8,551 SH   SOLE   8,551 0 0