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 2,204 36,267 SH   SOLE   36,267 0 0
AVX CORP NEW COM 002444107 3,036 223,549 SH   SOLE   223,549 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 18,660 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 27,340 188,824 SH   SOLE   188,824 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,137 32,828 SH   SOLE   32,828 0 0
CHUBB LIMITED COM H1467J104 787 6,018 SH   SOLE   6,018 0 0
CNA FINL CORP COM 126117100 1,181 37,580 SH   SOLE   37,580 0 0
COCA COLA CO COM 191216100 2,266 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,188 20,302 SH   SOLE   20,302 0 0
DST SYS INC DEL COM 233326107 642 5,514 SH   SOLE   5,514 0 0
EXXON MOBIL CORP COM 30231G102 10,033 107,029 SH   SOLE   107,029 0 0
GENERAL ELECTRIC CO COM 369604103 4,074 129,415 SH   SOLE   129,415 0 0
GOLDCORP INC NEW COM 380956409 7,174 375,037 SH   SOLE   375,037 0 0
HEXCEL CORP NEW COM 428291108 3,454 82,950 SH   SOLE   82,950 0 0
INTEL CORP COM 458140100 2,859 87,175 SH   SOLE   87,175 0 0
JOHNSON & JOHNSON COM 478160104 2,410 19,870 SH   SOLE   19,870 0 0
KINROSS GOLD CORP COM NO PAR 496902404 2,593 530,190 SH   SOLE   530,190 0 0
LEUCADIA NATL CORP COM 527288104 5,287 305,077 SH   SOLE   305,077 0 0
MEDTRONIC PLC SHS G5960L103 434 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC COM 58933Y105 4,536 78,729 SH   SOLE   78,729 0 0
MERCURY GENL CORP NEW COM 589400100 9,046 170,158 SH   SOLE   170,158 0 0
NEWMONT MINING CORP COM 651639106 7,742 197,896 SH   SOLE   197,896 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 269 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 4,249 101,539 SH   SOLE   101,539 0 0
STATOIL ASA SPONSORED ADR 85771P102 2,198 126,974 SH   SOLE   126,974 0 0
SYNCHRONY FINL COM 87165B103 241 9,532 SH   SOLE   9,532 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,381 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 2,721 56,001 SH   SOLE   56,001 0 0
VICAL INC COM NEW 925602203 168 37,188 SH   SOLE   37,188 0 0
WASHINGTON FED INC COM 938824109 5,617 231,543 SH   SOLE   231,543 0 0