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
BAIDU INC SPON ADR REP A 056752108 7,472 40,000 SH   DFND 1 40,000 0 0
BAIDU INC SPON ADR REP A 056752108 14,011 75,000 SH   SOLE   75,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 7,596 40 SH   DFND 1 40 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 87,924 463 SH   SOLE   463 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 1,519 8 SH   SOLE   8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 4,022 31,780 SH   SOLE   31,780 0 0
BIGLARI HLDGS INC COM 08986R101 1,301 3,076 SH   SOLE   3,076 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,090 70,200 SH   SOLE   70,200 0 0
DANAHER CORP DEL COM 235851102 866 11,000 SH   SOLE   11,000 0 0
DOLBY LABORATORIES INC COM 25659T107 20,304 470,000 SH   SOLE   470,000 0 0
GOOGLE INC CL A 38259P508 4,677 8,000 SH   DFND 1 8,000 0 0
GOOGLE INC CL A 38259P508 20,276 34,680 SH   SOLE   34,680 0 0
GOOGLE INC CL C 38259P508 4,602 8,000 SH   DFND 1 8,000 0 0
GOOGLE INC CL C 38259P508 19,951 34,680 SH   SOLE   34,680 0 0
MRC Global INC COM 55345K103 1,415 50,000 SH   SOLE   50,000 0 0
MARKEL CORP COM 570535104 1,524 2,325 SH   SOLE   2,325 0 0
MORNINGSTAR INC COM 617700109 144 2,000 SH   SOLE   2,000 0 0
NATIONAL OILWELL VARCO INC COM 637071101 865 10,500 SH   SOLE   10,500 0 0
NOW INC COM 67011P100 95 2,625 SH   SOLE   2,625 0 0
ST JOE CO COM 790148100 1,071 42,100 SH   SOLE   42,100 0 0