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
AVON PRODS INC COM 054303102 282 86,780 SH   SOLE 78,500 8,280 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 30,900 236,962 SH   SOLE 342 0 236,620
COCA COLA CO COM 191216100 21,911 546,133 SH   SOLE 1,008 0 545,125
DAILY JOURNAL CORP COM 233912104 45,394 243,790 SH   SOLE 24,168 2,171 217,451
INTERNATIONAL BUSINESS MACHS COM 459200101 10,293 71,002 SH   SOLE 73 0 70,929
MICROSOFT CORP COM 594918104 39,631 895,414 SH   SOLE 127,350 0 768,064
POSCO SPONSORED ADR 693483109 3,779 107,903 SH   SOLE 8,783 400 98,720
REPUBLIC SVCS INC COM 760759100 17,373 421,671 SH   SOLE 385 0 421,286
WAL-MART STORES INC COM 931142103 31,663 488,323 SH   SOLE 764 0 487,559