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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 120,157 1,011,507 SH   SOLE   214,372 8,113 789,022
APPLE INC COM 037833100 1,148 6,464 SH   SOLE   0 0 6,464
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 97,418 325,813 SH   SOLE   9,900 2,177 313,736
DAILY JOURNAL CORP COM 233912104 89,868 251,923 SH   SOLE   32,703 5,452 213,768
EXXON MOBIL CORP COM 30231G102 168,560 2,754,694 SH   SOLE   726,017 16,979 2,011,698
FIRST AMERN FINL CORP COM 31847R102 1,206 15,417 SH   SOLE   0 0 15,417
INTERNATIONAL BUSINESS MACHS COM 459200101 60,394 451,847 SH   SOLE   9,475 0 442,372
KRAFT HEINZ CO COM 500754106 95,371 2,656,584 SH   SOLE   40,470 0 2,616,114
MCDONALDS CORP COM 580135101 259 967 SH   SOLE   0 0 967
MICROSOFT CORP COM 594918104 40,602 120,725 SH   SOLE   50,655 0 70,070
REPUBLIC SVCS INC COM 760759100 1,612 11,561 SH   SOLE   134 0 11,427
WABASH NATL CORP COM 929566107 10,912 558,994 SH   SOLE   70,204 0 488,790
WELLS FARGO CO NEW COM 949746101 124,715 2,599,312 SH   SOLE   302,815 0 2,296,497