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 264 2,200 SH   SOLE 0 0 2,200
ALLEGHANY CORP DEL COM 017175100 3,205 5,215 SH   SOLE 0 0 5,215
ALPHABET INC CAP STK CL C 02079K107 4,489 5,411 SH   SOLE 0 0 5,411
ALPHABET INC CAP STK CL A 02079K305 407 480 SH   SOLE 0 0 480
AMERICAN EXPRESS CO COM 025816109 712 9,000 SH   SOLE 0 0 9,000
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 1,866 17,000 SH   SOLE 0 0 17,000
APPLE INC COM 037833100 7,405 51,545 SH   SOLE 0 0 51,545
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 1,018 36,900 SH   SOLE 0 0 36,900
BERKSHIRE HATHAWAY INC DEL CL A 084670108 5,247 21 SH   SOLE 0 0 21
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 16,608 99,642 SH   SOLE 0 0 99,642
BLACKSTONE MTG TR INC COM CL A 09257W100 200 6,450 SH   SOLE 0 0 6,450
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 2,014 55,250 SH   SOLE 0 0 55,250
CANADIAN NATL RY CO COM 136375102 883 11,950 SH   SOLE 0 0 11,950
CARMAX INC COM 143130102 296 5,000 SH   SOLE 0 0 5,000
CEDAR FAIR L P DEPOSITRY UNIT 150185106 420 6,200 SH   SOLE 0 0 6,200
COSTCO WHSL CORP NEW COM 22160K105 2,182 13,013 SH   SOLE 0 0 13,013
DEVRY ED GROUP INC COM 251893103 4,434 125,075 SH   SOLE 0 0 125,075
FACEBOOK INC CL A 30303M102 267 1,880 SH   SOLE 0 0 1,880
GABELLI EQUITY TR INC COM 362397101 1,271 212,930 SH   SOLE 0 0 212,930
HOWARD HUGHES CORP COM 44267D107 4,053 34,565 SH   SOLE 0 0 34,565
HRG GROUP INC COM 40434J100 1,201 62,150 SH   SOLE 0 0 62,150
ISHARES TR CORE S&P500 ETF 464287200 1,379 5,810 SH   SOLE 0 0 5,810
ISHARES TR RUS MID CAP ETF 464287499 363 1,940 SH   SOLE 0 0 1,940
JOHNSON & JOHNSON COM 478160104 3,280 26,331 SH   SOLE 0 0 26,331
KRAFT HEINZ CO COM 500754106 458 5,040 SH   SOLE 0 0 5,040
LEUCADIA NATL CORP COM 527288104 4,123 158,568 SH   SOLE 0 0 158,568
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 1,282 55,650 SH   SOLE 0 0 55,650
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 5,289 135,900 SH   SOLE 0 0 135,900
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 1,749 53,500 SH   SOLE 0 0 53,500
MASTERCARD INCORPORATED CL A 57636Q104 1,147 10,200 SH   SOLE 0 0 10,200
MONDELEZ INTL INC CL A 609207105 1,915 44,443 SH   SOLE 0 0 44,443
NEXEO SOLUTIONS INC COM SHS 65342H102 665 75,100 SH   SOLE 0 0 75,100
PANHANDLE OIL AND GAS INC CL A 698477106 430 22,400 SH   SOLE 0 0 22,400
PEPSICO INC COM 713448108 570 5,100 SH   SOLE 0 0 5,100
PLATFORM SPECIALTY PRODS COR COM 72766Q105 691 53,100 SH   SOLE 0 0 53,100
PRICESMART INC COM 741511109 1,851 20,080 SH   SOLE 0 0 20,080
RESTAURANT BRANDS INTL INC COM 76131D103 5,489 98,481 SH   SOLE 0 0 98,481
SERITAGE GROWTH PPTYS CL A 81752R100 421 9,750 SH   SOLE 0 0 9,750
SOURCE CAP INC COM 836144105 2,659 70,805 SH   SOLE 0 0 70,805
TEXAS PAC LD TR SUB CTF PROP I T 882610108 2,735 9,775 SH   SOLE 0 0 9,775
UMH PPTYS INC COM 903002103 757 49,800 SH   SOLE 0 0 49,800
UNILEVER PLC SPON ADR NEW 904767704 632 12,800 SH   SOLE 0 0 12,800
UNION PAC CORP COM 907818108 3,129 29,539 SH   SOLE 0 0 29,539
UNITED PARCEL SERVICE INC CL B 911312106 1,950 18,175 SH   SOLE 0 0 18,175
VERISK ANALYTICS INC COM 92345Y106 645 7,950 SH   SOLE 0 0 7,950
WELLS FARGO & CO NEW COM 949746101 4,850 87,145 SH   SOLE 0 0 87,145
WELLS FARGO & CO NEW *W EXP 10/28/201 949746119 803 36,200 SH   SOLE 0 0 36,200
WENDYS CO COM 95058W100 461 33,900 SH   SOLE 0 0 33,900
WHITE MTNS INS GROUP LTD COM G9618E107 1,000 1,136 SH   SOLE 0 0 1,136
WYNDHAM WORLDWIDE CORP COM 98310W108 2,689 31,900 SH   SOLE 0 0 31,900