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 2,227 36,267 SH   SOLE   36,267 0 0
AVX CORP NEW COM 002444107 2,810 223,549 SH   SOLE   223,549 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 18,357 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 26,762 188,624 SH   SOLE   188,624 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,201 32,828 SH   SOLE   32,828 0 0
CHUBB LIMITED COM H1467J104 717 6,018 SH   SOLE   6,018 0 0
CNA FINL CORP COM 126117100 1,209 37,580 SH   SOLE   37,580 0 0
COCA COLA CO COM 191216100 2,320 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,199 20,302 SH   SOLE   20,302 0 0
DST SYS INC DEL COM 233326107 622 5,514 SH   SOLE   5,514 0 0
EXXON MOBIL CORP COM 30231G102 18,818 225,124 SH   SOLE   225,124 0 0
GENERAL ELECTRIC CO COM 369604103 4,324 136,015 SH   SOLE   136,015 0 0
GOLDCORP INC NEW COM 380956409 6,087 375,037 SH   SOLE   375,037 0 0
INTEL CORP COM 458140100 2,820 87,175 SH   SOLE   87,175 0 0
JOHNSON & JOHNSON COM 478160104 2,150 19,870 SH   SOLE   19,870 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,803 530,190 SH   SOLE   530,190 0 0
LEUCADIA NATL CORP COM 527288104 4,933 305,077 SH   SOLE   305,077 0 0
MEDTRONIC PLC SHS G5960L103 375 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC NEW COM 58933Y105 4,166 78,729 SH   SOLE   78,729 0 0
MERCURY GENL CORP NEW COM 589400100 9,444 170,157 SH   SOLE   170,157 0 0
MICROSOFT CORP COM 594918104 3,712 67,208 SH   SOLE   67,208 0 0
NEWMONT MINING CORP COM 651639106 5,260 197,896 SH   SOLE   197,896 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 236 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 3,307 82,350 SH   SOLE   82,350 0 0
STATOIL ASA SPONSORED ADR 85771P102 1,976 126,974 SH   SOLE   126,974 0 0
SYNCHRONY FINL COM 87165B103 273 9,532 SH   SOLE   9,532 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,334 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,643 56,001 SH   SOLE   56,001 0 0
VICAL INC COM 925602104 145 371,886 SH   SOLE   371,886 0 0
WASHINGTON FED INC COM 938824109 5,244 231,543 SH   SOLE   231,543 0 0