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
ADAMS DIVERSIFIED EQUITY FD COM 006212104 1,167 70,000 SH   SOLE   70,000 0 0
AERCAP HOLDINGS NV SHS N00985106 4,141 72,000 SH   SOLE   72,000 0 0
AERCAP HOLDINGS NV SHS N00985106 1,869 32,500 SH Call SOLE   0 0 0
ALLEGHANY CORP DEL COM 017175100 1,175 1,800 SH   SOLE   1,800 0 0
ALPHABET INC CAP STK CL C 02079K107 2,924 2,450 SH   SOLE   2,450 0 0
AMERICAN INTL GROUP INC *W EXP 01/19/202 026874156 621 42,500 SH   SOLE   42,500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 6,102 28,500 SH   SOLE   28,500 0 0
BOOKING HLDGS INC COM 09857L108 5,208 2,625 SH   SOLE   2,625 0 0
BOULDER GROWTH & INCOME FD I COM 101507101 1,771 158,000 SH   SOLE   158,000 0 0
BROWN & BROWN INC COM 115236101 3,711 125,500 SH   SOLE   125,500 0 0
BROWN & BROWN INC COM 115236101 2,366 80,000 SH Call SOLE   0 0 0
CENTRAL SECS CORP COM 155123102 1,269 43,000 SH   SOLE   43,000 0 0
COLLECTORS UNIVERSE INC COM NEW 19421R200 200 13,500 SH   SOLE   13,500 0 0
ELECTRONIC ARTS INC COM 285512109 2,048 17,000 SH   SOLE   17,000 0 0
FACEBOOK INC CL A 30303M102 4,358 26,500 SH   SOLE   26,500 0 0
FRANKLIN COVEY CO COM 353469109 1,715 72,500 SH Call SOLE   0 0 0
INTERACTIVE BROKERS GROUP IN COM 45841N107 2,904 52,500 SH   SOLE   52,500 0 0
INVESCO DB MLTI SECTR CMMTY AGRICULTURE FD 46140H106 465 27,500 SH Call SOLE   0 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 2,032 148,000 SH Call SOLE   0 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 1,665 77,500 SH   SOLE   77,500 0 0
PICO HLDGS INC COM NEW 693366205 1,945 155,000 SH   SOLE   155,000 0 0
SONY CORP SPONSORED ADR 835699307 2,547 42,000 SH   SOLE   42,000 0 0
STARBUCKS CORP COM 855244109 1,222 21,500 SH Call SOLE   0 0 0
TESLA INC COM 88160R101 662 2,500 SH Put SOLE   2,500 0 0