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
AUTOMATIC DATA PROCESSING IN COM 053015103 437 4,000 SH   SOLE   4,000 0 0
AMERICAN EXPRESS CO COM 025816109 1,767 19,538 SH   SOLE   17,538 0 2,000
BUILD A BEAR WORKSHOP COM 120076104 5,670 619,673 SH   SOLE   128,500 0 491,173
BERKSHIRE HATHAWAY CL A COM 084670108 4,396 16 SH   SOLE   13 0 3
BERKSHIRE HATHAWAY CL B COM 084670702 41,252 225,029 SH   SOLE   85,200 0 139,829
CNA FINL CORP COM 126117100 3,615 71,933 SH   SOLE   64,458 0 7,475
FIVE BELOW INC COM 33829M101 25,389 462,629 SH   SOLE   79,620 0 383,009
FOSSIL GROUP INC COM 34988V106 13,101 1,404,142 SH   SOLE   233,065 0 1,171,077
GOLDMAN SACHS GROUP INC COM 38141G104 25,400 107,086 SH   SOLE   25,637 0 81,449
INTERNATIONAL BUSINESS MACHS COM 459200101 261 1,800 SH   SOLE   0 0 1,800
L BRANDS INC COM 501797104 3,530 84,827 SH   SOLE   12,590 0 72,237
LEUCADIA NATL CORP COM 527288104 20,186 799,443 SH   SOLE   107,250 0 692,193
MATTEL INC COM 577081102 2,139 138,210 SH   SOLE   10,250 0 127,960
M D C HLDGS INC COM 552676108 10,479 315,542 SH   SOLE   45,390 0 270,152
MARKEL CORP COM 570535104 712 667 SH   SOLE   667 0 0
STARBUCKS CORP COM 855244109 28,007 521,456 SH   SOLE   281,124 0 240,332
US BANCORP DEL COM 902973304 2,285 42,638 SH   SOLE   25,162 0 17,476
WELLS FARGO & CO COM 949746101 3,161 57,324 SH   SOLE   9,323 0 48,001