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 2,685 36,242 SH   SOLE   36,242 0 0
AVX CORP NEW COM 002444107 3,488 223,165 SH   SOLE   223,165 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 20,994 86 SH   SOLE   86 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 29,980 183,949 SH   SOLE   183,949 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 1,775 55,920 SH   SOLE   55,920 0 0
CHUBB LIMITED COM H1467J104 795 6,018 SH   SOLE   6,018 0 0
CNA FINL CORP COM 126117100 1,557 37,530 SH   SOLE   37,530 0 0
COCA COLA CO COM 191216100 2,073 50,000 SH   SOLE   50,000 0 0
COSTCO WHSL CORP NEW COM 22160K105 3,242 20,251 SH   SOLE   20,251 0 0
DST SYS INC DEL COM 233326107 591 5,514 SH   SOLE   5,514 0 0
EXXON MOBIL CORP COM 30231G102 9,601 106,369 SH   SOLE   106,369 0 0
GENERAL ELECTRIC CO COM 369604103 4,090 129,415 SH   SOLE   129,415 0 0
GOLDCORP INC NEW COM 380956409 6,033 443,630 SH   SOLE   443,630 0 0
HEXCEL CORP NEW COM 428291108 4,258 82,781 SH   SOLE   82,781 0 0
INTEL CORP COM 458140100 3,156 87,025 SH   SOLE   87,025 0 0
JOHNSON & JOHNSON COM 478160104 2,286 19,844 SH   SOLE   19,844 0 0
KINROSS GOLD CORP COM NO PAR 496902404 1,202 386,390 SH   SOLE   386,390 0 0
LEUCADIA NATL CORP COM 527288104 7,084 304,676 SH   SOLE   304,676 0 0
MEDTRONIC PLC SHS G5960L103 356 5,000 SH   SOLE   5,000 0 0
MERCK & CO INC COM 58933Y105 4,620 78,477 SH   SOLE   78,477 0 0
MERCURY GENL CORP NEW COM 589400100 3,931 65,295 SH   SOLE   65,295 0 0
NEWMONT MINING CORP COM 651639106 6,729 197,496 SH   SOLE   197,496 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 265 4,868 SH   SOLE   4,868 0 0
SANOFI SPONSORED ADR 80105N105 4,271 105,610 SH   SOLE   105,610 0 0
STATOIL ASA SPONSORED ADR 85771P102 2,314 126,874 SH   SOLE   126,874 0 0
TRAVELERS COMPANIES INC COM 89417E109 2,448 20,000 SH   SOLE   20,000 0 0
VALIDUS HOLDINGS LTD COM SHS G9319H102 3,081 56,001 SH   SOLE   56,001 0 0
WASHINGTON FED INC COM 938824109 1,932 56,253 SH   SOLE   56,253 0 0