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

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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
AMERICAN EXPRESS CO COM 25816109 21,282 272,430 SH   SOLE   272,430 0 0
BANK OF AMERICA CORP COM 60505104 9,060 590,000 SH   SOLE   590,000 0 0
BANK OF AMERICA CORP W Exp 1/16/19 60505146 1,878 320,000 SH   SOLE   320,000 0 0
BERKSHIRE HATHAWAY INC. DEL CL A 84670108 6,525 30 SH   SOLE   30 0 0
BERKSHIRE HATHAWAY INC. DEL CL B 84670702 20,291 140,600 SH   SOLE   140,600 0 0
CITIGROUP INC COM NEW 172967424 5,461 106,000 SH   SOLE   106,000 0 0
CRESUD SA COMERCIAL W Exp 05/22/15 P3311R192 6 271,944 SH   SOLE   271,944 0 0
FIAT CHRYSLER AUTOMOBILES SHS N31738102 32,542 2,000,000 SH   SOLE   2,000,000 0 0
GENERAL MOTORS CO W Exp 07/10/19 37045V126 19,650 1,000,000 SH   SOLE   1,000,000 0 0
HORSEHEAD HOLDING CORP COM 440694305 16,711 1,320,000 SH   SOLE   1,320,000 0 0
MASTERCARD INC CL A 57636Q104 5,680 65,750 SH   SOLE   65,750 0 0
POSCO Sponsored ADR 693483109 3,826 70,000 SH   SOLE   70,000 0 0
WELLS FARGO & CO NEW COM 949746101 6,256 115,000 SH   SOLE   115,000 0 0
WELLS FARGO & CO W Exp 10/28/18 949746119 2,254 110,000 SH   SOLE   110,000 0 0