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
ABBOTT LABS COM 002824100 1,686 37,439 SH   SOLE 37,439 0 0
ACCURIDE CORP NEW COM NEW 00439T206 145 33,400 SH   SOLE 33,400 0 0
AIR PRODS & CHEMS INC COM 009158106 592 4,102 SH   SOLE 4,102 0 0
ALLEGHANY CORP DEL COM 017175100 16,462 35,517 SH   SOLE 35,517 0 0
ALLY FINL INC COM 02005N100 215 9,104 SH   SOLE 9,104 0 0
AMERICAN EXPRESS CO COM 025816109 305 3,277 SH   SOLE 3,277 0 0
AMERICAN NATL INS CO COM 028591105 1,328 11,623 SH   SOLE 11,623 0 0
AMGEN INC COM 031162100 921 5,783 SH   SOLE 5,783 0 0
ANNALY CAP MGMT INC COM 035710409 363 33,600 SH   SOLE 33,600 0 0
APACHE CORP COM 037411105 288 4,594 SH   SOLE 4,594 0 0
APPLE INC COM 037833100 934 8,462 SH   SOLE 8,462 0 0
APPLIED MATLS INC COM 038222105 484 19,434 SH   SOLE 19,434 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 234 4,211 SH   SOLE 4,211 0 0
AT&T INC COM 00206R102 324 9,646 SH   SOLE 9,646 0 0
ATLAS ENERGY LP COM UNITS LP 04930A104 286 9,175 SH   SOLE 9,175 0 0
ATWOOD OCEANICS INC COM 050095108 1,060 37,370 SH   SOLE 37,370 0 0
AXIALL CORP COM 05463D100 860 20,240 SH   SOLE 20,240 0 0
BANK AMER CORP COM 060505104 438 24,489 SH   SOLE 24,489 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,758 92,634 SH   SOLE 92,634 0 0
BERKLEY W R CORP COM 084423102 12,401 241,929 SH   SOLE 241,929 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,808 8 SH   SOLE 8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 36,893 245,707 SH   SOLE 245,707 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 639 18,900 SH   SOLE 18,900 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 450 25,301 SH   SOLE 25,301 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,094 23,700 SH   SOLE 23,700 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,043 20,796 SH   SOLE 20,796 0 0
CALIFORNIA RES CORP COM 13057Q107 554 100,507 SH   SOLE 100,507 0 0
CAMECO CORP COM 13321L108 215 13,103 SH   SOLE 13,103 0 0
CATHAY GEN BANCORP COM 149150104 276 10,800 SH   SOLE 10,800 0 0
CHESAPEAKE ENERGY CORP COM 165167107 2,044 104,450 SH   SOLE 104,450 0 0
CHEVRON CORP NEW COM 166764100 1,632 14,548 SH   SOLE 14,548 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 2,313 55,097 SH   SOLE 55,097 0 0
CIMAREX ENERGY CO COM 171798101 5,194 48,999 SH   SOLE 48,999 0 0
CISCO SYS INC COM 17275R102 640 23,019 SH   SOLE 23,019 0 0
CLOROX CO DEL COM 189054109 295 2,828 SH   SOLE 2,828 0 0
CNA FINL CORP COM 126117100 1,311 33,878 SH   SOLE 33,878 0 0
COCA COLA CO COM 191216100 3,201 75,826 SH   SOLE 75,826 0 0
CONOCOPHILLIPS COM 20825C104 344 4,987 SH   SOLE 4,987 0 0
CORNING INC COM 219350105 591 25,790 SH   SOLE 25,790 0 0
COVANTA HLDG CORP COM 22282E102 886 40,250 SH   SOLE 40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 698 40,294 SH   SOLE 40,294 0 0
DAILY JOURNAL CORP COM 233912104 366 1,393 SH   SOLE 1,393 0 0
DEVON ENERGY CORP NEW COM 25179M103 6,633 108,370 SH   SOLE 108,370 0 0
DIAMOND FOODS INC COM 252603105 365 12,942 SH   SOLE 12,942 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,493 40,662 SH   SOLE 40,662 0 0
DIRECTV COM 25490A309 2,962 34,162 SH   SOLE 34,162 0 0
DOW CHEM CO COM 260543103 336 7,374 SH   SOLE 7,374 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 2,101 28,414 SH   SOLE 28,414 0 0
EBAY INC COM 278642103 587 10,455 SH   SOLE 10,455 0 0
EDISON INTL COM 281020107 229 3,500 SH   SOLE 3,500 0 0
EMERSON ELEC CO COM 291011104 324 5,250 SH   SOLE 5,250 0 0
ENCANA CORP COM 292505104 490 35,300 SH   SOLE 35,300 0 0
ENDURO RTY TR TR UNIT 29269K100 58 12,130 SH   SOLE 12,130 0 0
ENSCO PLC SHS CLASS A G3157S106 863 28,821 SH   SOLE 28,821 0 0
ENTERGY CORP NEW COM 29364G103 3,530 26,478 SH   SOLE 26,478 0 0
EQT CORP COM 26884L109 295 3,900 SH   SOLE 3,900 0 0
EXCO RESOURCES INC COM 269279402 27 12,500 SH   SOLE 12,500 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 787 9,294 SH   SOLE 9,294 0 0
EXXON MOBIL CORP COM 30231G102 389 4,208 SH   SOLE 4,208 0 0
Fairfax Financial Hldgs Ltd COM 303901102 11,117 21,215 SH   SOLE 21,215 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 2,061 96,768 SH   SOLE 96,768 0 0
FORESTAR GROUP INC COM 346233109 178 11,550 SH   SOLE 11,550 0 0
FORTRESS INVESTMENT GROUP LL CL A 34958B106 152 19,000 SH   SOLE 19,000 0 0
GANNETT INC COM 364730101 5,258 164,680 SH   SOLE 164,680 0 0
GENERAL AMERN INVS INC COM 368802104 5,342 152,634 SH   SOLE 152,634 0 0
GENERAL DYNAMICS CORP COM 369550108 564 4,100 SH   SOLE 4,100 0 0
GENERAL ELECTRIC CO COM 369604103 338 13,383 SH   SOLE 13,383 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 284 7,800 SH   SOLE 7,800 0 0
GOLUB CAP BDC INC COM 38173M102 319 17,800 SH   SOLE 17,800 0 0
GRAHAM HLDGS CO COM 384637104 648 750 SH   SOLE 750 0 0
GRAN TIERRA ENERGY INC COM 38500T101 46 12,000 SH   SOLE 12,000 0 0
GREIF INC CL B 397624206 1,588 32,237 SH   SOLE 32,237 0 0
HARMAN INTL INDS INC COM 413086109 213 2,000 SH   SOLE 2,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 650 15,600 SH   SOLE 15,600 0 0
HELMERICH & PAYNE INC COM 423452101 708 10,500 SH   SOLE 10,500 0 0
HERCULES OFFSHORE INC COM 427093109 10 10,400 SH   SOLE 10,400 0 0
HORSEHEAD HLDG CORP COM 440694305 646 40,785 SH   SOLE 40,785 0 0
HUGOTON RTY TR TEX UNIT BEN INT 444717102 164 19,379 SH   SOLE 19,379 0 0
IAMGOLD CORP COM 450913108 37 13,553 SH   SOLE 13,553 0 0
IDT CORP CL B NEW 448947507 272 13,409 SH   SOLE 13,409 0 0
INTEL CORP COM 458140100 595 16,385 SH   SOLE 16,385 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,057 6,587 SH   SOLE 6,587 0 0
INTL PAPER CO COM 460146103 231 4,302 SH   SOLE 4,302 0 0
INVESTORS BANCORP INC NEW COM 46146L101 153 13,630 SH   SOLE 13,630 0 0
ION GEOPHYSICAL CORP COM 462044108 33 11,900 SH   SOLE 11,900 0 0
JOHNSON & JOHNSON COM 478160104 3,298 31,536 SH   SOLE 31,536 0 0
LEUCADIA NATL CORP COM 527288104 8,831 393,889 SH   SOLE 393,889 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 266 5,339 SH   SOLE 5,339 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 271 5,404 SH   SOLE 5,404 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 641 13,261 SH   SOLE 13,261 0 0
LIBERTY MEDIA CORP DELAWARE CL A 531229102 389 11,036 SH   SOLE 11,036 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C 531229300 751 21,450 SH   SOLE 21,450 0 0
LOEWS CORP COM 540424108 11,318 267,382 SH   SOLE 267,382 0 0
MARKEL CORP COM 570535104 12,165 17,815 SH   SOLE 17,815 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 442 12,300 SH   SOLE 12,300 0 0
MCDERMOTT INTL INC COM 580037109 135 46,500 SH   SOLE 46,500 0 0
MEDTRONIC INC COM 585055106 504 6,984 SH   SOLE 6,984 0 0
MERCK & CO INC NEW COM 58933Y105 327 5,751 SH   SOLE 5,751 0 0
METLIFE INC COM 59156R108 730 13,505 SH   SOLE 13,505 0 0
MFC INDL LTD COM 55278T105 165 23,261 SH   SOLE 23,261 0 0
MICROSOFT CORP COM 594918104 3,937 84,765 SH   SOLE 84,765 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 594 53,625 SH   SOLE 53,625 0 0
MONOGRAM RESIDENTIAL TR INC COM 60979P105 129 13,888 SH   SOLE 13,888 0 0
NABORS INDUSTRIES LTD SHS G6359F103 885 68,187 SH   SOLE 68,187 0 0
NOBLE CORP PLC SHS USD G65431101 649 39,175 SH   SOLE 39,175 0 0
NOVARTIS A G SPONSORED ADR 66987V109 827 8,924 SH   SOLE 8,924 0 0
NRG ENERGY INC COM NEW 629377508 341 12,643 SH   SOLE 12,643 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 258 25,425 SH   SOLE 25,425 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 738 9,152 SH   SOLE 9,152 0 0
OFG BANCORP COM 67103X102 514 30,850 SH   SOLE 30,850 0 0
PARAGON OFFSHORE PLC SHS G6S01W108 31 11,343 SH   SOLE 11,343 0 0
PATTERSON UTI ENERGY INC COM 703481101 657 39,600 SH   SOLE 39,600 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 722 75,550 SH   SOLE 75,550 0 0
PFIZER INC COM 717081103 631 20,255 SH   SOLE 20,255 0 0
PG&E CORP COM 69331C108 250 4,703 SH   SOLE 4,703 0 0
PICO HLDGS INC COM NEW 693366205 2,014 106,830 SH   SOLE 106,830 0 0
PNC FINL SVCS GROUP INC COM 693475105 565 6,190 SH   SOLE 6,190 0 0
POTASH CORP SASK INC COM 73755L107 321 9,100 SH   SOLE 9,100 0 0
PROCTER & GAMBLE CO COM 742718109 463 5,088 SH   SOLE 5,088 0 0
REIS INC COM 75936P105 246 9,400 SH   SOLE 9,400 0 0
RESOLUTE FST PRODS INC COM 76117W109 230 13,038 SH   SOLE 13,038 0 0
ROYCE FOCUS TR COM 78080N108 151 20,807 SH   SOLE 20,807 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 94 11,653 SH   SOLE 11,653 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,185 117,538 SH   SOLE 117,538 0 0
ROYCE VALUE TR INC COM 780910105 1,185 82,667 SH   SOLE 82,667 0 0
RPC INC COM 749660106 5,289 405,606 SH   SOLE 405,606 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,762 123,669 SH   SOLE 123,669 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 917 41,033 SH   SOLE 41,033 0 0
SEMPRA ENERGY COM 816851109 521 4,677 SH   SOLE 4,677 0 0
SOURCE CAP INC COM 836144105 3,484 48,782 SH   SOLE 48,782 0 0
SOUTHERN CO COM 842587107 416 8,466 SH   SOLE 8,466 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 225 1,095 SH   SOLE 1,095 0 0
STARZ COM SER A 85571Q102 326 10,973 SH   SOLE 10,973 0 0
SYSCO CORP COM 871829107 720 18,150 SH   SOLE 18,150 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 291 53,918 SH   SOLE 53,918 0 0
TIMMINS GOLD CORP COM 88741P103 10 10,000 SH   SOLE 10,000 0 0
TRI POINTE HOMES INC COM 87265H109 1,554 101,909 SH   SOLE 101,909 0 0
UNITED SECURITY BANCSHARES C COM 911460103 90 16,529 SH   SOLE 16,529 0 0
US BANCORP DEL COM NEW 902973304 971 21,591 SH   SOLE 21,591 0 0
V F CORP COM 918204108 614 8,200 SH   SOLE 8,200 0 0
VANGUARD SPECIALIZED PORTFOL DIV APP ETF 921908844 1,148 14,150 SH   SOLE 14,150 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 734 15,699 SH   SOLE 15,699 0 0
VODAFONE GROUP PLC NEW SPNSR ADR NO PAR 92857W308 1,056 30,894 SH   SOLE 30,894 0 0
WAL-MART STORES INC COM 931142103 583 6,784 SH   SOLE 6,784 0 0
WATERSTONE FINL INC MD COM 94188P101 164 12,496 SH   SOLE 12,496 0 0
WELLS FARGO & CO NEW COM 949746101 1,443 26,314 SH   SOLE 26,314 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,071 83,054 SH   SOLE 83,054 0 0
WEYERHAEUSER CO COM 962166104 1,114 31,038 SH   SOLE 31,038 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 18,865 29,940 SH   SOLE 29,940 0 0
WILEY JOHN & SONS INC CL A 968223206 738 12,450 SH   SOLE 12,450 0 0