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
ALAMOS GOLD INC NEW COM CL A CS 011532108 292 63,380 SH   SOLE   63,380 0 0
AMDOCS LTD SHS CS G02602103 15,975 242,112 SH   SOLE   242,112 0 0
AMERISOURCEBERGEN CORP COM CS 03073E105 14,908 161,660 SH   SOLE   161,660 0 0
APPLE INC COM CS 037833100 3,850 17,053 SH   SOLE   17,053 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 7,581 148,671 SH   SOLE   148,671 0 0
BERKSHIRE HATHAWAY CLASS B CS 084670702 22,768 106,337 SH   SOLE   106,337 0 0
BIG LOTS INC COM CS 089302103 642 15,360 SH   SOLE   15,360 0 0
BIGLARI HLDGS INC-A CS 08986R408 2,189 2,374 SH   SOLE   2,374 0 0
BIGLARI HLDGS INC-B CS 08986R309 5,884 32,446 SH   SOLE   32,446 0 0
BIO RAD LABS INC CL A CS 090572207 1,048 3,349 SH   SOLE   3,349 0 0
CHEESECAKE FACTORY INC COM CS 163072101 7,117 132,925 SH   SOLE   132,925 0 0
CISCO SYS INC COM CS 17275R102 4,329 88,975 SH   SOLE   88,975 0 0
CONSOLIDATED TOMOKA LD CO COM CS 210226106 5,822 93,482 SH   SOLE   93,482 0 0
CRAWFORD & CO CL B CS 224633107 269 29,175 SH   SOLE   29,175 0 0
CRAWFORD & COMPANY - CL A CS 224633206 2,461 273,455 SH   SOLE   273,455 0 0
CUBIC CORP COM CS 229669106 569 7,793 SH   SOLE   7,793 0 0
DISCOVERY INC COM SER C CS 25470F302 6,573 222,206 SH   SOLE   222,206 0 0
DOLLAR GEN CORP NEW COM CS 256677105 1,565 14,315 SH   SOLE   14,315 0 0
DOLLAR TREE INC COM CS 256746108 668 8,195 SH   SOLE   8,195 0 0
DONNELLEY FINL SOLUTIONS INC C CS 25787G100 1,543 86,100 SH   SOLE   86,100 0 0
FRP HLDGS INC COM CS 30292L107 9,617 154,868 SH   SOLE   154,868 0 0
GREENHILL & CO INC COM CS 395259104 4,025 152,744 SH   SOLE   152,744 0 0
HALLMARK FINL SVCS INC EC C CS 40624Q203 11,017 1,001,512 SH   SOLE   1,001,512 0 0
ISHARES GOLD TRUST ISHARES CS 464285105 4,259 372,635 SH   SOLE   372,635 0 0
ISHARES SILVER TRUST ISHARES CS 46428Q109 339 24,665 SH   SOLE   24,665 0 0
JEFFERIES FINL GROUP INC COM CS 47233W109 15,019 683,925 SH   SOLE   683,925 0 0
KROGER CO COM CS 501044101 513 17,630 SH   SOLE   17,630 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 2,710 15,606 SH   SOLE   15,606 0 0
MADISON SQUARE GARDEN CO NEW C CS 55825T103 1,015 3,220 SH   SOLE   3,220 0 0
MOLSON COORS BREWING CO CL B CS 60871R209 660 10,730 SH   SOLE   10,730 0 0
NET 1 UEPS TECHNOLOGIES INC CO CS 64107N206 16,605 2,075,637 SH   SOLE   2,075,637 0 0
NORTHERN TR CORP COM CS 665859104 1,171 11,465 SH   SOLE   11,465 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 14,334 346,236 SH   SOLE   346,236 0 0
OMNICOM GROUP INC COM CS 681919106 926 13,620 SH   SOLE   13,620 0 0
PATTERSON UTI ENERGY INC COM CS 703481101 9,863 576,460 SH   SOLE   576,460 0 0
PROTECTIVE INS CORP CL B CS 74368L203 23,184 1,010,194 SH   SOLE   1,010,194 0 0
SYNTEL INC COM CS 87162H103 583 14,225 SH   SOLE   14,225 0 0
TAPESTRY INC COM CS 876030107 313 6,235 SH   SOLE   6,235 0 0
TELEPHONE & DATA SYS INC COM N CS 879433829 518 17,034 SH   SOLE   17,034 0 0
TERADATA CORP DEL COM CS 88076W103 11,504 305,054 SH   SOLE   305,054 0 0
TETRA TECH INC NEW COM CS 88162G103 670 9,815 SH   SOLE   9,815 0 0
VERIZON COMMUNICATIONS INC COM CS 92343V104 590 11,060 SH   SOLE   11,060 0 0
WESTERN DIGITAL CORP COM CS 958102105 8,249 140,918 SH   SOLE   140,918 0 0
WESTERN UN CO COM CS 959802109 14,070 738,177 SH   SOLE   738,177 0 0
CONSOLIDATED TOMOKA LD CO CV 210226ab2 2,239 2,125,000 PRN   SOLE   2,125,000 0 0
EZCORP INC CV 302301ab2 522 528,000 PRN   SOLE   528,000 0 0