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
BANK OF AMERIC 7.25 PFD CONV S CPUS 060505682 278 214 SH   SOLE   0 0 214
ABBOTT LABORATORIES COM 002824100 2,395 44,898 SH   SOLE   0 0 44,898
ABBVIE INC COM 00287y109 6,374 71,733 SH   SOLE   0 0 71,733
ACCURAY INC COM 004397105 40 10,000 SH   SOLE   0 0 10,000
ALPHABET INC. CLASS A COM 02079k305 4,007 4,116 SH   SOLE   0 0 4,116
ALPHABET INC. CLASS C COM 02079k107 4,309 4,493 SH   SOLE   0 0 4,493
AMERICAN INTL GROUP COM 026874784 4,507 73,418 SH   SOLE   0 0 73,418
APPLE INC COM 037833100 3,824 24,815 SH   SOLE   0 0 24,815
BANK OF AMERICA CORP COM 060505104 6,134 242,105 SH   SOLE   0 0 242,105
BERKSHIRE HATHAWAY CLASS B COM 084670702 19,010 103,703 SH   SOLE   0 0 103,703
CISCO SYSTEMS INC COM 17275r102 5,582 166,002 SH   SOLE   0 0 166,002
COHEN STEERS REIT PREFER COM 19247x100 422 19,938 SH   SOLE   0 0 19,938
CORNING INC COM 219350105 4,132 138,125 SH   SOLE   0 0 138,125
CRIMSON WINE GROUP COM 22662x100 131 12,219 SH   SOLE   0 0 12,219
DISCOVERY COMM INC CLASS C COM 25470f302 2,187 107,985 SH   SOLE   0 0 107,985
DUFF & PHELPS UTILITY & COM 26432k108 231 25,065 SH   SOLE   0 0 25,065
HOWARD HUGHES CORP COM 44267d107 5,495 46,600 SH   SOLE   0 0 46,600
JD.COM INC F SPONSORED ADR 1 A COM 47215p106 2,004 52,475 SH   SOLE   0 0 52,475
LIBERTY MEDIA CORP SERIES C LI COM 531229888 258 10,232 SH   SOLE   0 0 10,232
LIBERTY MEDIA CORP SERIES C LI COM 531229854 5,164 135,576 SH   SOLE   0 0 135,576
LIBERTY MEDIA CORP SERIES C LI COM 531229607 4,431 105,839 SH   SOLE   0 0 105,839
MARKEL CORP COM 570535104 6,602 6,182 SH   SOLE   0 0 6,182
MICROSOFT CORP COM 594918104 5,472 73,471 SH   SOLE   0 0 73,471
MOMNTMSHRS US QUNTITATV MOMNTM COM 02072l409 228 8,420 SH   SOLE   0 0 8,420
NEW RESIDENTIAL INVE REIT COM 64828t201 2,268 135,585 SH   SOLE   0 0 135,585
NORTHWEST NATURAL GA COM 667655104 257 4,000 SH   SOLE   0 0 4,000
PROSHARES SHORT S&P 500 ETF NE COM 74347b425 3,279 101,954 SH   SOLE   0 0 101,954
SOLAR SENIOR CAPITAL COM 83416m105 354 20,590 SH   SOLE   0 0 20,590
TESLA INC COM 88160r101 861 2,525 SH   SOLE   0 0 2,525
VALUESHARES INTRNTNL QNTV VAL COM 02072l201 786 24,530 SH   SOLE   0 0 24,530
VALUESHARES U S QUANTITATIVE V COM 02072l102 5,064 186,520 SH   SOLE   0 0 186,520
VEREIT INC REIT COM 92339v100 106 12,787 SH   SOLE   0 0 12,787
VODAFONE GROUP F SPONSORED ADR COM 92857w308 4,280 150,401 SH   SOLE   0 0 150,401
WISDOMTREE FUNDAMENTAL US SHOR COM 97717x149 381 7,570 SH   SOLE   0 0 7,570
CAMBRIA GLOBAL VALUE ETF UIUS 132061409 3,962 157,061 SH   SOLE   0 0 157,061
SPDR GOLD SHARES ETF UIUS 78463v107 5,693 46,827 SH   SOLE   0 0 46,827
VANECK VECTORS GOLD MINERS ETF UIUS 92189f106 2,609 113,640 SH   SOLE   0 0 113,640
WISDOMTREE EMRG MRKT HG DIV ET UIUS 97717w315 3,210 74,655 SH   SOLE   0 0 74,655
BLACKROCK CALIFORNIA MUN UHUS 09249c105 562 37,370 SH   SOLE   0 0 37,370
ISHARES 1-3 YEAR CREDIT BOND E UHUS 464288646 1,965 18,660 SH   SOLE   0 0 18,660
ISHARES INTERM CREDIT BOND ETF UHUS 464288638 618 5,615 SH   SOLE   0 0 5,615
SCHWAB SHORT TERM US TREASURY UHUS 808524862 353 7,015 SH   SOLE   0 0 7,015
SPDR NUVEEN BARCLAYS XXX REVER UHUS 78464a425 1,719 35,374 SH   SOLE   0 0 35,374