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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 345 4,200 SH   SOLE 0 0 4,200
ALLEGHANY CORP DEL COM 017175100 710 1,775 SH   SOLE 0 0 1,775
AMERICAN EXPRESS CO COM 025816109 4,559 50,250 SH   SOLE 0 0 50,250
AMERICAN INTL GROUP INC COM NEW 026874784 4,241 83,075 SH   SOLE 0 0 83,075
APPLE INC COM 037833100 3,619 6,450 SH   SOLE 0 0 6,450
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,914 22 SH   SOLE 0 0 22
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 15,058 127,004 SH   SOLE 0 0 127,004
BP PLC SPONSORED ADR 055622104 1,166 23,984 SH   SOLE 0 0 23,984
BURGER KING WORLDWIDE INC COM 121220107 4,229 185,000 SH   SOLE 0 0 185,000
CANADIAN NATL RY CO COM 136375102 727 12,750 SH   SOLE 0 0 12,750
CARMAX INC COM 143130102 329 7,000 SH   SOLE 0 0 7,000
CEDAR FAIR L P DEPOSITRY UNIT 150185106 307 6,200 SH   SOLE 0 0 6,200
COCA COLA CO COM 191216100 3,260 78,916 SH   SOLE 0 0 78,916
CONOCOPHILLIPS COM 20825C104 265 3,750 SH   SOLE 0 0 3,750
COSTCO WHSL CORP NEW COM 22160K105 2,022 16,990 SH   SOLE 0 0 16,990
CSX CORP COM 126408103 273 9,500 SH   SOLE 0 0 9,500
EXCO RESOURCES INC COM 269279402 181 34,000 SH   SOLE 0 0 34,000
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 491 5,015 SH   SOLE 0 0 5,015
GENERAL ELECTRIC CO COM 369604103 216 7,700 SH   SOLE 0 0 7,700
GENERAL MTRS CO COM 37045V100 3,605 88,200 SH   SOLE 0 0 88,200
GENWORTH FINL INC COM CL A 37247D106 2,099 135,130 SH   SOLE 0 0 135,130
GETTY RLTY CORP NEW COM 374297109 1,000 54,425 SH   SOLE 0 0 54,425
GOOGLE INC CL A 38259P508 448 400 SH   SOLE 0 0 400
INTERNATIONAL BUSINESS MACHS COM 459200101 1,673 8,920 SH   SOLE 0 0 8,920
JOHNSON & JOHNSON COM 478160104 3,533 38,578 SH   SOLE 0 0 38,578
JOHNSON CTLS INC COM 478366107 2,814 54,850 SH   SOLE 0 0 54,850
KINDER MORGAN INC DEL COM 49456B101 277 7,692 SH   SOLE 0 0 7,692
KRAFT FOODS GROUP INC COM 50076q106 323 5,986 SH   SOLE 0 0 5,986
LEUCADIA NATL CORP COM 527288104 3,847 135,736 SH   SOLE 0 0 135,736
LOEWS CORP COM 540424108 4,243 87,965 SH   SOLE 0 0 87,965
MASTERCARD INC CL A 57636Q104 1,086 1,300 SH   SOLE 0 0 1,300
MFS INTER INCOME TR SH BEN INT 55273C107 68 13,212 SH   SOLE 0 0 13,212
MONDELEZ INTL INC CL A 609207105 2,930 83,007 SH   SOLE 0 0 83,007
NORFOLK SOUTHERN CORP COM 655844108 385 4,150 SH   SOLE 0 0 4,150
PANHANDLE OIL AND GAS INC CL A 698477106 1,840 55,068 SH   SOLE 0 0 55,068
PEPSICO INC COM 713448108 1,721 20,750 SH   SOLE 0 0 20,750
PRICESMART INC COM 741511109 3,951 34,193 SH   SOLE 0 0 34,193
PROCTER & GAMBLE CO COM 742718109 1,530 18,797 SH   SOLE 0 0 18,797
RAYONIER INC COM 754907103 363 8,625 SH   SOLE 0 0 8,625
TIMBERLAND BANCORP INC COM 887098101 289 30,000 SH   SOLE 0 0 30,000
U S G CORP COM NEW 903293405 1,094 38,562 SH   SOLE 0 0 38,562
UNILEVER PLC SPON ADR NEW 904767704 1,471 35,692 SH   SOLE 0 0 35,692
UNITED PARCEL SERVICE INC CL B 911312106 3,904 37,150 SH   SOLE 0 0 37,150
US BANCORP DEL COM NEW 902973304 2,364 58,522 SH   SOLE 0 0 58,522
VERISK ANALYTICS INC CL A 92345Y106 1,236 18,800 SH   SOLE 0 0 18,800
WAL-MART STORES INC COM 931142103 299 3,800 SH   SOLE 0 0 3,800
WELLS FARGO & CO NEW COM 949746101 5,304 116,825 SH   SOLE 0 0 116,825
WPX ENERGY INC COM 98212B103 3,092 151,700 SH   SOLE 0 0 151,700