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 1,698 24,415 SH   SOLE   24,415 0 0
AVX CORP NEW COM 002444107 2,754 226,869 SH   SOLE   226,869 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 17,011 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 24,809 187,891 SH   SOLE   187,891 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,293 33,166 SH   SOLE   33,166 0 0
CHUBB CORP COM 171232101 1,326 10,000 SH   SOLE   10,000 0 0
CNA FINL CORP COM 126117100 1,333 37,915 SH   SOLE   37,915 0 0
COCA COLA CO COM 191216100 2,148 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,279 20,302 SH   SOLE   20,302 0 0
DST SYS INC DEL COM 233326107 279 2,450 SH   SOLE   2,450 0 0
EXXON MOBIL CORP COM 30231G102 19,988 256,418 SH   SOLE   256,418 0 0
GENERAL ELECTRIC CO COM 369604103 3,053 98,009 SH   SOLE   98,009 0 0
GOLDCORP INC NEW COM 380956409 4,392 379,901 SH   SOLE   379,901 0 0
INTEL CORP COM 458140100 3,040 88,248 SH   SOLE   88,248 0 0
JOHNSON & JOHNSON COM 478160104 2,064 20,089 SH   SOLE   20,089 0 0
KINROSS GOLD CORP COM NO PAR 496902404 976 536,458 SH   SOLE   536,458 0 0
LEUCADIA NATL CORP COM 527288104 5,349 307,601 SH   SOLE   307,601 0 0
MEDTRONIC PLC SHS G5960L103 385 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC NEW COM 58933Y105 4,158 78,729 SH   SOLE   78,729 0 0
MERCURY GENL CORP NEW COM 589400100 9,167 196,847 SH   SOLE   196,847 0 0
MICROSOFT CORP COM 594918104 3,780 68,125 SH   SOLE   68,125 0 0
NEWMONT MINING CORP COM 651639106 3,603 200,263 SH   SOLE   200,263 0 0
PEPSICO INC COM 713448108 2,146 21,475 SH   SOLE   21,475 0 0
PRECISION CASTPARTS CORP COM 740189105 8,212 35,397 SH   SOLE   35,397 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 223 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 3,549 83,220 SH   SOLE   83,220 0 0
STATOIL ASA SPONSORED ADR 85771P102 1,788 128,114 SH   SOLE   128,114 0 0
SYNCHRONY FINL COM 87165B103 291 9,571 SH   SOLE   9,571 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,257 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,597 56,101 SH   SOLE   56,101 0 0
VICAL INC COM 925602104 153 374,146 SH   SOLE   374,146 0 0
WASHINGTON FED INC COM 938824109 5,582 234,239 SH   SOLE   234,239 0 0