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
AVON PRODS INC COM 054303102 235 58,000 SH   SOLE 58,000 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 31,521 238,722 SH   SOLE 342 0 238,380
COCA COLA CO COM 191216100 23,686 551,353 SH   SOLE 1,008 0 550,345
DAILY JOURNAL CORP COM 233912104 49,982 247,434 SH   SOLE 28,188 2,171 217,075
INTERNATIONAL BUSINESS MACHS COM 459200101 16,364 118,905 SH   SOLE 215 0 118,690
MICROSOFT CORP COM 594918104 49,101 885,016 SH   SOLE 127,350 0 757,666
POSCO SPONSORED ADR 693483109 6,068 171,610 SH   SOLE 59,836 3,400 108,374
REPUBLIC SVCS INC COM 760759100 18,541 421,483 SH   SOLE 385 0 421,098
WAL-MART STORES INC COM 931142103 27,546 449,372 SH   SOLE 764 0 448,608