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
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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ABBOTT LABSCOM0028241001,25910,509SH SOLE 10,50800
ABERDEEN EMRG MRKTS EQT INMCOM00301W10556965,831SH SOLE 65,83000
ADVANCED EMISSIONS SOLUTS INCOM00770C1016712,150SH SOLE 12,15000
AIR PRODS & CHEMS INCCOM0091581061,0513,735SH SOLE 3,73500
ALLEGHANY CORP DELCOM01717510020,66332,993SH SOLE 32,99300
ALLY FINL INCCOM02005N1002806,189SH SOLE 6,18900
ALPHA METALLURGICAL RESOUR ICOM02076410625019,768SH SOLE 19,76800
AMBAC FINL GROUP INCCOM NEW02313988435321,100SH SOLE 21,10000
AMERCOCOM0235861004,1046,700SH SOLE 6,70000
AMERICAN CENTY ETF TRUS SML CP VALU0250728772,33732,369SH SOLE 32,36900
AMERICAN CENTY ETF TRINTL SMCP VLU0250728021,91430,772SH SOLE 30,77200
AMERICAN CENTY ETF TRAVANTIS EMGMKT0250726042533,856SH SOLE 3,85600
AMERICAN EXPRESS COCOM0258161091,0337,306SH SOLE 7,30500
AMERICAN NATIONAL GROUP INCCOM NEW02772A1098607,976SH SOLE 7,97600
AMGEN INCCOM0311621001,3045,241SH SOLE 5,24000
ANNALY CAPITAL MANAGEMENT INCOM03571040911213,000SH SOLE 13,00000
ANTERO RESOURCES CORPCOM03674X10663261,948SH SOLE 61,94800
APPLE INCCOM0378331002,02216,553SH SOLE 16,55300
APPLIED MATLS INCCOM0382221051,1628,700SH SOLE 8,70000
AT&T INCCOM00206R10252817,432SH SOLE 17,43200
BANK NEW YORK MELLON CORPCOM0640581003,85981,611SH SOLE 81,61100
BERKLEY W R CORPCOM08442310219,865263,638SH SOLE 263,63800
BERKSHIRE HATHAWAY INC DELCL B NEW08467070254,220212,237SH SOLE 212,23700
BERKSHIRE HATHAWAY INC DELCL A0846701082,7007SH SOLE 700
BK OF AMERICA CORPCOM0605051042165,593SH SOLE 5,59300
BLACK STONE MINERALS L PCOM UNIT09225M10113315,200SH SOLE 15,20000
BLACKSTONE GROUP INCCOM09260D10779710,695SH SOLE 10,69500
BLACKSTONE MTG TR INCCOM CL A09257W10051416,587SH SOLE 16,58700
BORR DRILLING LTDSHSG1466R2071818,754SH SOLE 18,75400
BRIGHTHOUSE FINL INCCOM10922N1032605,876SH SOLE 5,87600
BROADRIDGE FINL SOLUTIONS INCOM11133T1031,89712,390SH SOLE 12,39000
BROOKFIELD ASSET MGMT INCCL A LTD VT SH1125851041,51534,044SH SOLE 34,04400
CABLE ONE INCCOM12685J105640350SH SOLE 35000
CALIFORNIA RES CORPCOM STOCK13057Q30549220,452SH SOLE 20,45200
CANADIAN NAT RES LTDCOM1363851012,18770,859SH SOLE 70,85900
CARS COM INCCOM14575E10526120,109SH SOLE 20,10900
CATHAY GEN BANCORPCOM1491501043759,185SH SOLE 9,18500
CENTRAL SECS CORPCOM1551231022396,310SH SOLE 6,31000
CHEVRON CORP NEWCOM1667641001,11110,598SH SOLE 10,59800
CIMAREX ENERGY COCOM1717981011,73029,129SH SOLE 29,12900
CISCO SYS INCCOM17275R1024408,502SH SOLE 8,50200
CLEVELAND-CLIFFS INC NEWCOM18589910122811,321SH SOLE 11,32100
CNA FINL CORPCOM1261171001,16025,987SH SOLE 25,98700
COMCAST CORP NEWCL A20030N1014618,511SH SOLE 8,51100
CONOCOPHILLIPSCOM20825C1041,02219,291SH SOLE 19,29100
CONTANGO OIL & GAS COCOM NEW21075N204691177,207SH SOLE 177,20700
CORE LABORATORIES N VCOMN2271710772825,276SH SOLE 25,27600
CORNING INCCOM21935010556512,995SH SOLE 12,99500
CORTEVA INCCOM22052L10459712,813SH SOLE 12,81300
COSTCO WHSL CORP NEWCOM22160K105292827SH SOLE 82700
COVANTA HLDG CORPCOM22282E10255840,250SH SOLE 40,25000
CREDIT ACCEP CORP MICHCOM2253101011,8135,034SH SOLE 5,03400
CROSS TIMBERS RTY TRTR UNIT22757R109871103,005SH SOLE 103,00500
CSW INDUSTRIALS INCCOM1264021062161,600SH SOLE 1,60000
CTO REALTY GROWTH INCCOM22948Q1011,50929,022SH SOLE 29,02100
CUSTOMERS BANCORP INCCOM23204G10092329,000SH SOLE 29,00000
CVS HEALTH CORPCOM1266501006328,401SH SOLE 8,40100
DAILY JOURNAL CORPCOM233912104281889SH SOLE 88900
DIAMOND S SHIPPING INCCOMY2067610529929,792SH SOLE 29,79200
DISCOVERY INCCOM SER C25470F3021,60643,534SH SOLE 43,53400
DORCHESTER MINERALS LPCOM UNIT25820R10576656,076SH SOLE 56,07600
DOW INCCOM26055710380712,618SH SOLE 12,61800
DUPONT DE NEMOURS INCCOM26614N10295212,321SH SOLE 12,32100
EBAY INC.COM27864210369811,397SH SOLE 11,39700
EMERSON ELEC COCOM2910111041,56617,355SH SOLE 17,35500
ENBRIDGE INCCOM29250N1052948,089SH SOLE 8,08900
ENSTAR GROUP LIMITEDSHSG3075P10120,46982,962SH SOLE 82,96200
ENTERGY CORP NEWCOM29364G1032762,772SH SOLE 2,77200
EQT CORPCOM26884L10922111,914SH SOLE 11,91400
EURONAV NVSHSB3856410886494,459SH SOLE 94,45900
FAIRFAX FINL HLDGS LTD SUB VTGStock30390110213,78331,744SH SOLE 31,74400
FIDELITY NATIONAL FINANCIALFNF GROUP COM31620R3033879,513SH SOLE 9,51300
FREEPORT-MCMORAN INCCL B35671D8571,49245,317SH SOLE 45,31600
GANNETT CO INCCOM36472T1096011,098SH SOLE 11,09800
GENCO SHIPPING & TRADING LTDSHSY2685T13125425,188SH SOLE 25,18800
GENERAL AMERN INVS CO INCCOM3688021043,19380,139SH SOLE 80,13900
GENERAL DYNAMICS CORPCOM3695501083682,028SH SOLE 2,02800
GEOSPACE TECHNOLOGIES CORPCOM37364X10927430,070SH SOLE 30,07000
GOLUB CAP BDC INCCOM38173M10241028,066SH SOLE 28,06600
GRAHAM HLDGS COCOM CL B3846371041,8173,231SH SOLE 3,23100
GRINDROD SHIPPING HOLDINGS LSHSY2889510317824,445SH SOLE 24,44500
HALLADOR ENERGY COMPANYCOM40609P1052312,500SH SOLE 12,50000
HELMERICH & PAYNE INCCOM42345210166124,503SH SOLE 24,50300
IMPERIAL OIL LTDCOM NEW4530384082219,180SH SOLE 9,18000
INTEL CORPCOM4581401005468,535SH SOLE 8,53500
INTERNATIONAL PAPER COCOM4601461034798,850SH SOLE 8,85000
ISHARES GOLD TRISHARES4642851051,00061,528SH SOLE 61,52800
ISHARES SILVER TRISHARES46428Q1092119,307SH SOLE 9,30700
ISTAR INCCOM45031U1011,45081,533SH SOLE 81,53200
JEFFERIES FINL GROUP INCCOM47233W10917,717588,617SH SOLE 588,61700
JOHNSON & JOHNSONCOM4781601043,26319,855SH SOLE 19,85500
KIMBERLY-CLARK CORPCOM4943681032501,800SH SOLE 1,80000
KRANESHARES TRQUADRTC INT RT50076773649317,242SH SOLE 17,24200
LENNAR CORPCL B5260573022,39729,114SH SOLE 29,11400
LIBERTY BROADBAND CORPCOM SER A5303071073002,064SH SOLE 2,06400
LIBERTY BROADBAND CORPCOM SER C5303073059266,169SH SOLE 6,16900
LIBERTY GLOBAL PLCSHS CL CG5480U12069627,248SH SOLE 27,24800
LIBERTY MEDIA CORP DELCOM C BRAVES GRP5312298882187,837SH SOLE 7,83700
LIBERTY MEDIA CORP DELCOM SER C FRMLA53122985456313,011SH SOLE 13,01100
LOCKHEED MARTIN CORPCOM539830109204552SH SOLE 55200
LOEWS CORPCOM54042410815,203296,474SH SOLE 296,47400
LUMEN TECHNOLOGIES INCCOM5502411032,036152,527SH SOLE 152,52600
MACERICH COCOM55438210123319,888SH SOLE 19,88800
MARKEL CORPCOM57053510419,39517,019SH SOLE 17,01900
MERCK & CO. INCCOM58933Y1052012,606SH SOLE 2,60600
MESA RTY TRUNIT BEN INT5906601065211,371SH SOLE 11,37100
METLIFE INCCOM59156R1083876,362SH SOLE 6,36200
MICROSOFT CORPCOM5949181045,99325,418SH SOLE 25,41800
MOHAWK INDS INCCOM6081901042,76314,365SH SOLE 14,36500
MONMOUTH REAL ESTATE INVT COCL A60972010758633,125SH SOLE 33,12500
NOVARTIS AGSPONSORED ADR66987V1095346,245SH SOLE 6,24500
NOW INCCOM67011P1001,052104,308SH SOLE 104,30800
NUTRIEN LTDCOM67077M1083556,594SH SOLE 6,59400
NVR INCCOM62944T1052,153457SH SOLE 45700
OAK VY BANCORP OAKDALE CALIFCOM67180710523213,515SH SOLE 13,51500
OCCIDENTAL PETE CORPCOM6745991051,33950,316SH SOLE 50,31600
OFG BANCORPCOM67103X10238917,200SH SOLE 17,20000
ORION ENGINEERED CARBONS S ACOML7296710941821,180SH SOLE 21,18000
PATTERSON-UTI ENERGY INCCOM70348110118525,962SH SOLE 25,96200
PAYPAL HLDGS INCCOM70450Y1037613,132SH SOLE 3,13200
PNC FINL SVCS GROUP INCCOM6934751052721,550SH SOLE 1,55000
QUALCOMM INCCOM7475251032611,970SH SOLE 1,97000
RAMACO RES INCCOM75134P30310625,000SH SOLE 25,00000
ROYCE MICRO-CAP TR INCCOM7809151041,435126,960SH SOLE 126,96000
ROYCE VALUE TR INCCOM7809101051,54185,093SH SOLE 85,09200
RPC INCCOM7496601062,018373,712SH SOLE 373,71200
SABINE ROYALTY TRUNIT BEN INT78568810289629,553SH SOLE 29,55300
SAN JUAN BASIN RTY TRUNIT BEN INT798241105904228,251SH SOLE 228,25000
SCHLUMBERGER LTDCOM80685710882830,436SH SOLE 30,43600
SCHWAB CHARLES CORPCOM8085131053,08547,335SH SOLE 47,33400
SEMPRA ENERGYCOM8168511093042,294SH SOLE 2,29400
SLR INVESTMENT CORPCOM83413U10020711,663SH SOLE 11,66300
SOURCE CAP INCCOM8361441051,51334,574SH SOLE 34,57400
SOUTHERN COCOM8425871074286,890SH SOLE 6,89000
SOUTHWESTERN ENERGY COCOM845467109472101,400SH SOLE 101,40000
SPROTT FOCUS TR INCCOM85208J10913116,837SH SOLE 16,83700
SPROTT PHYSICAL GOLD & SILVETR UNIT85208R10119111,000SH SOLE 11,00000
SPROTT PHYSICAL SILVER TRTR UNIT85207K107965109,934SH SOLE 109,93400
ST JOE COCOM7901481001,33531,120SH SOLE 31,12000
TECHNIPFMC PLCCOMG871101058010,400SH SOLE 10,40000
TEEKAY CORPORATIONCOMY8564W1038325,880SH SOLE 25,88000
TEGNA INCCOM87901J1051,26066,900SH SOLE 66,90000
TEJON RANCH COCOM87908010916810,012SH SOLE 10,01200
TETRA TECHNOLOGIES INC DELCOM88162F1053615,000SH SOLE 15,00000
TEXAS PACIFIC LAND CORPORATICOM88262P1021,8291,151SH SOLE 1,15100
TFS FINL CORPCOM87240R10723211,370SH SOLE 11,37000
TIDEWATER INC NEWCOM88642R10953742,870SH SOLE 42,87000
TOTAL SESPONSORED ADS89151E1092585,550SH SOLE 5,55000
TRINITY PL HLDGS INCCOM89656D1012512,050SH SOLE 12,05000
UNITED SEC BANCSHARES CALIFCOM91146010316319,862SH SOLE 19,86200
US BANCORP DELCOM NEW90297330470812,808SH SOLE 12,80800
V F CORPCOM9182041085997,500SH SOLE 7,50000
VANGUARD INDEX FDSVALUE ETF9229087442101,597SH SOLE 1,59700
VANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF9220428743565,656SH SOLE 5,65600
VANGUARD INTL EQUITY INDEX FTT WRLD ST ETF9220427423153,235SH SOLE 3,23500
VANGUARD SCOTTSDALE FDSSHORT TERM TREAS92206C10264810,539SH SOLE 10,53900
VANGUARD SCOTTSDALE FDSVNG RUS1000VAL92206C7141,45610,952SH SOLE 10,95200
VANGUARD SCOTTSDALE FDSVNG RUS2000VAL92206C6492842,030SH SOLE 2,03000
VANGUARD SPECIALIZED FUNDSDIV APP ETF9219088441,3939,472SH SOLE 9,47200
VANGUARD TAX-MANAGED INTL FDFTSE DEV MKT ETF9219438583527,165SH SOLE 7,16500
VANGUARD WHITEHALL FDSINTL DVD ETF9219468101,08113,055SH SOLE 13,05500
VANGUARD WHITEHALL FDSHIGH DIV YLD9219464061,05510,434SH SOLE 10,43400
VERIZON COMMUNICATIONS INCCOM92343V1043025,202SH SOLE 5,20200
VIDLER WATER RESOUCES INCCOM92660E1071,047117,685SH SOLE 117,68500
W & T OFFSHORE INCCOM92922P1063610,000SH SOLE 10,00000
WELLS FARGO CO NEWCOM94974610156714,505SH SOLE 14,50500
WESTAMERICA BANCORPORATIONCOM95709010364710,309SH SOLE 10,30900
WEYERHAEUSER CO MTN BECOM NEW96216610459516,719SH SOLE 16,71900
WHITE MTNS INS GROUP LTDCOMG9618E10726,41823,695SH SOLE 23,69500
WILLIAMS COS INCCOM96945710032313,625SH SOLE 13,62500
ZOETIS INCCL A98978V1033422,170SH SOLE 2,17000