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 303 3,800 SH   SOLE 0 0 3,800
ALLEGHANY CORP DEL COM 017175100 723 1,775 SH   SOLE 0 0 1,775
AMERICAN EXPRESS CO COM 025816109 4,267 47,400 SH   SOLE 0 0 47,400
AMERICAN INTL GROUP INC COM NEW 026874784 4,195 83,875 SH   SOLE 0 0 83,875
APPLE INC COM 037833100 4,938 9,200 SH   SOLE 0 0 9,200
BERKSHIRE HATHAWAY INC DEL CL A 084670108 4,122 22 SH   SOLE 0 0 22
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 15,749 126,025 SH   SOLE 0 0 126,025
BP PLC SPONSORED ADR 055622104 1,071 22,256 SH   SOLE 0 0 22,256
BURGER KING WORLDWIDE INC COM 121220107 4,938 186,000 SH   SOLE 0 0 186,000
CANADIAN NATL RY CO COM 136375102 717 12,750 SH   SOLE 0 0 12,750
CARMAX INC COM 143130102 328 7,000 SH   SOLE 0 0 7,000
CEDAR FAIR L P DEPOSITRY UNIT 150185106 316 6,200 SH   SOLE 0 0 6,200
COCA COLA CO COM 191216100 3,051 78,916 SH   SOLE 0 0 78,916
CONOCOPHILLIPS COM 20825C104 236 3,350 SH   SOLE 0 0 3,350
COSTCO WHSL CORP NEW COM 22160K105 1,897 16,990 SH   SOLE 0 0 16,990
CSX CORP COM 126408103 281 9,700 SH   SOLE 0 0 9,700
EXCO RESOURCES INC COM 269279402 336 60,000 SH   SOLE 0 0 60,000
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 468 5,015 SH   SOLE 0 0 5,015
GENERAL MTRS CO COM 37045V100 2,668 77,500 SH   SOLE 0 0 77,500
GENWORTH FINL INC COM CL A 37247D106 2,378 134,130 SH   SOLE 0 0 134,130
GETTY RLTY CORP NEW COM 374297109 749 39,625 SH   SOLE 0 0 39,625
GOOGLE INC CL A 38259P508 446 400 SH   SOLE 0 0 400
INTERNATIONAL BUSINESS MACHS COM 459200101 1,698 8,820 SH   SOLE 0 0 8,820
JOHNSON & JOHNSON COM 478160104 3,750 38,178 SH   SOLE 0 0 38,178
JOHNSON CTLS INC COM 478366107 2,207 46,650 SH   SOLE 0 0 46,650
KRAFT FOODS GROUP INC COM 50076q106 336 5,986 SH   SOLE 0 0 5,986
LEUCADIA NATL CORP COM 527288104 3,766 134,486 SH   SOLE 0 0 134,486
MASTERCARD INC CL A 57636Q104 971 13,000 SH   SOLE 0 0 13,000
MONDELEZ INTL INC CL A 609207105 2,868 83,007 SH   SOLE 0 0 83,007
NORFOLK SOUTHERN CORP COM 655844108 403 4,150 SH   SOLE 0 0 4,150
PANHANDLE OIL AND GAS INC CL A 698477106 2,402 55,068 SH   SOLE 0 0 55,068
PEPSICO INC COM 713448108 1,557 18,650 SH   SOLE 0 0 18,650
PRICESMART INC COM 741511109 3,280 32,493 SH   SOLE 0 0 32,493
PROCTER & GAMBLE CO COM 742718109 1,305 16,197 SH   SOLE 0 0 16,197
RAYONIER INC COM 754907103 350 7,625 SH   SOLE 0 0 7,625
TIMBERLAND BANCORP INC COM 887098101 300 28,000 SH   SOLE 0 0 28,000
U S G CORP COM NEW 903293405 1,262 38,562 SH   SOLE 0 0 38,562
UNILEVER PLC SPON ADR NEW 904767704 1,506 35,192 SH   SOLE 0 0 35,192
UNITED PARCEL SERVICE INC CL B 911312106 3,623 37,200 SH   SOLE 0 0 37,200
US BANCORP DEL COM NEW 902973304 2,508 58,522 SH   SOLE 0 0 58,522
VERISK ANALYTICS INC CL A 92345Y106 1,127 18,800 SH   SOLE 0 0 18,800
WAL-MART STORES INC COM 931142103 290 3,800 SH   SOLE 0 0 3,800
WELLS FARGO & CO NEW COM 949746101 5,838 117,375 SH   SOLE 0 0 117,375
WPX ENERGY INC COM 98212B103 2,614 145,000 SH   SOLE 0 0 145,000
WYNDHAM WORLDWIDE CORP COM 98310W108 3,028 41,350 SH   SOLE 0 0 41,350