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  <infoTable>
    <nameOfIssuer>Agilent Technologies, Inc. (A)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>00846U101</cusip>
    <value>1686</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Berkshire Hathaway Inc. Class B (BRK/B)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>084670702</cusip>
    <value>683</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2501</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2501</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>CF Industries Holdings, Inc. (CF)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>125269100</cusip>
    <value>1675</value>
    <shrsOrPrnAmt>
      <sshPrnamt>30000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>30000</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>D R Horton, Inc. (DHI)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>23331A109</cusip>
    <value>63981</value>
    <shrsOrPrnAmt>
      <sshPrnamt>761945</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13500</Sole>
      <Shared>748445</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>General Motors Co (GM)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>35045V100</cusip>
    <value>547814</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10392979</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1923267</Sole>
      <Shared>8469712</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Goldman Sachs (GS)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>38141G104</cusip>
    <value>761849</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2015314</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>410187</Sole>
      <Shared>1605127</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>J P Morgan Chase (JPM)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>46625H100</cusip>
    <value>818</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lear Corporation (LEA)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>521865204</cusip>
    <value>23818</value>
    <shrsOrPrnAmt>
      <sshPrnamt>152210</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>0</Sole>
      <Shared>152210</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lennar Corporation - A (LEN)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>526057104</cusip>
    <value>656031</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7002894</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1468216</Sole>
      <Shared>5534678</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Lennar Corporation - B SHS (LEN/B)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>526057302</cusip>
    <value>35135</value>
    <shrsOrPrnAmt>
      <sshPrnamt>452834</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>288436</Sole>
      <Shared>164398</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>M.D.C. Holdings, Inc. (MDC)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>552676108</cusip>
    <value>1168</value>
    <shrsOrPrnAmt>
      <sshPrnamt>25000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>25000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>3M Company (MMM)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>88579Y101</cusip>
    <value>439</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Morgan Stanley (MS)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>617446448</cusip>
    <value>25991</value>
    <shrsOrPrnAmt>
      <sshPrnamt>267090</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11700</Sole>
      <Shared>255390</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Proshares Short QQQ (PSQ)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>74347B714</cusip>
    <value>12251</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1005000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>605000</Sole>
      <Shared>400000</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Charles Schwab Corporation (SCHW)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>808513105</cusip>
    <value>3058</value>
    <shrsOrPrnAmt>
      <sshPrnamt>41987</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>41987</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Proshares Short S&amp;P500 (SH)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>74347B425</cusip>
    <value>10585</value>
    <shrsOrPrnAmt>
      <sshPrnamt>695000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>550000</Sole>
      <Shared>145000</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Toll Brothers, Inc. (TOL)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>889478103</cusip>
    <value>287707</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5203596</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1981027</Sole>
      <Shared>3222569</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Union Pacific Corp (UNP)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>907818108</cusip>
    <value>398</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2032</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2032</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Whirlpool Corp (WHR)</nameOfIssuer>
    <titleOfClass>COMMON</titleOfClass>
    <cusip>963320106</cusip>
    <value>564472</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2768920</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>874945</Sole>
      <Shared>1893975</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
