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
AMERICAN EXPRESS CO COM 025816109 1,886 24,143 SH   SOLE   24,143 0 0
AVX CORP NEW COM 002444107 3,117 218,397 SH   SOLE   218,397 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 18,705 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 28,407 196,835 SH   SOLE   196,835 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,645 33,395 SH   SOLE   33,395 0 0
CHUBB CORP COM 171232101 1,011 10,000 SH   SOLE   10,000 0 0
CNA FINL CORP COM 126117100 1,581 38,155 SH   SOLE   38,155 0 0
COCA COLA CO COM 191216100 2,028 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,091 20,402 SH   SOLE   20,402 0 0
DST SYS INC DEL COM 233326107 271 2,450 SH   SOLE   2,450 0 0
EXXON MOBIL CORP COM 30231G102 21,695 255,232 SH   SOLE   255,232 0 0
GENERAL ELECTRIC CO COM 369604103 3,730 150,331 SH   SOLE   150,331 0 0
GOLDCORP INC NEW COM 380956409 9,007 497,092 SH   SOLE   497,092 0 0
INTEL CORP COM 458140100 3,914 125,156 SH   SOLE   125,156 0 0
JOHNSON & JOHNSON COM 478160104 2,036 20,238 SH   SOLE   20,238 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,234 550,678 SH   SOLE   550,678 0 0
LEUCADIA NATL CORP COM 527288104 6,990 313,575 SH   SOLE   313,575 0 0
MEDTRONIC PLC SHS G5960L103 390 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC NEW COM 58933Y105 4,544 79,054 SH   SOLE   79,054 0 0
MERCURY GENL CORP NEW COM 589400100 11,460 198,443 SH   SOLE   198,443 0 0
MICROSOFT CORP COM 594918104 3,497 86,014 SH   SOLE   86,014 0 0
NEWMONT MINING CORP COM 651639106 1,826 84,093 SH   SOLE   84,093 0 0
PEPSICO INC COM 713448108 2,160 22,593 SH   SOLE   22,593 0 0
RITCHIE BROS AUCTIONEERS COM 767744105 2,369 95,000 SH   SOLE   95,000 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 290 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 4,358 88,140 SH   SOLE   88,140 0 0
STATOIL ASA SPONSORED ADR 85771P102 2,268 128,955 SH   SOLE   128,955 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,163 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,418 57,431 SH   SOLE   57,431 0 0
VICAL INC COM 925602104 384 406,321 SH   SOLE   406,321 0 0
WASHINGTON FED INC COM 938824109 5,302 243,173 SH   SOLE   243,173 0 0