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
3M Co. COM 88579Y101 660 4,000 SH   SOLE   4,000 0 0
A.H. Belo Corp. COM 001282102 11,776 1,430,897 SH   SOLE   1,430,897 0 0
Abbott Laboratories COM 002824100 3,608 77,882 SH   SOLE   77,882 0 0
AbbVie Inc. COM 00287y109 4,469 76,333 SH   SOLE   76,333 0 0
Advance Auto Parts Inc. COM 00751y106 6,672 44,573 SH   SOLE   44,573 0 0
AGCO Corp. COM 001084102 14,997 314,791 SH   SOLE   314,791 0 0
Aimia Inc. COM 00900q103 23,625 2,325,310 SH   SOLE   2,325,310 0 0
Alamo Group Inc. COM 011311107 265 4,200 SH   SOLE   4,200 0 0
American Capital Ltd. COM 02503y103 30,333 2,050,941 SH   SOLE   2,050,941 0 0
American Express Co. COM 025816109 9,104 116,535 SH   SOLE   116,535 0 0
Apple Computer Inc. COM 037833100 202 1,626 SH   SOLE   1,626 0 0
Atwood Oceanics Inc. COM 050095108 6,885 244,915 SH   SOLE   244,915 0 0
Berkshire Hathaway Inc. ClA COM 084670108 435 2 SH   SOLE   2 0 0
Berkshire Hathaway Inc. ClB COM 084670702 18,427 127,685 SH   SOLE   127,685 0 0
British Empire Sec & Gen Trust COM G15316105 194 24,125 SH   SOLE   24,125 0 0
Capital Southwest Corp. COM 140501107 67,646 1,457,264 SH   SOLE   1,457,264 0 0
CBS Corp. Cl B COM 124857202 18,719 308,743 SH   SOLE   308,743 0 0
CKX Lands Inc. COM 12562n104 1,151 79,250 SH   SOLE   79,250 0 0
Covanta Holding Corp. COM 22282e102 303 13,500 SH   SOLE   13,500 0 0
Cowen Group Inc. COM 223622101 11,012 2,117,710 SH   SOLE   2,117,710 0 0
Diageo PLC Sponsored ADR SPON ADR NEW 25243Q205 312 2,825 SH   SOLE   2,825 0 0
Disney (Walt) Co. COM 254687106 1,098 10,465 SH   SOLE   10,465 0 0
Dundee Corp. COM 264901109 1,477 158,270 SH   SOLE   158,270 0 0
Exxon Mobil Corp. COM 30231G102 387 4,550 SH   SOLE   4,550 0 0
Felcor Lodging Trust Inc. PFD CV A $1.95 31430f200 11,948 456,884 SH   SOLE   456,884 0 0
Hancock Holding Company COM 410120109 347 11,617 SH   SOLE   11,617 0 0
Hospira Inc. COM 441060100 786 8,946 SH   SOLE   8,946 0 0
Int'l Business Machines COM 459200101 11,752 73,219 SH   SOLE   73,219 0 0
Johnson & Johnson COM 478160104 299 2,969 SH   SOLE   2,969 0 0
KKR & Co. L.P. COM 48248M102 18,205 798,121 SH   SOLE   798,121 0 0
Legg Mason Inc. COM 524901105 1,773 32,126 SH   SOLE   32,126 0 0
Microsoft Corp. COM 594918104 21,518 529,282 SH   SOLE   529,282 0 0
Motorola Solutions Inc. COM 620076307 7,050 105,751 SH   SOLE   105,751 0 0
Nacco Industries Inc. COM 629579103 26,191 494,269 SH   SOLE   494,269 0 0
National Oilwell Varco Inc. COM 637071101 16,289 325,838 SH   SOLE   325,838 0 0
News Corp. COM 65249B109 20,473 1,278,763 SH   SOLE   1,278,763 0 0
Omnicare, Inc. COM 681904108 599 7,775 SH   SOLE   7,775 0 0
Pfizer Inc. COM 717081103 263 7,546 SH   SOLE   7,546 0 0
Potbelly Corp. COM 73754y100 31,248 2,280,906 SH   SOLE   2,280,906 0 0
PRGX Global Inc. COM 69357c503 11,339 2,820,661 SH   SOLE   2,820,661 0 0
Procter & Gamble COM 742718109 287 3,500 SH   SOLE   3,500 0 0
Sabre Corp. COM 78573m104 8,709 358,415 SH   SOLE   358,415 0 0
Sanofi-Aventis RIGHT 12/31/2020 80105n113 69 102,288 SH   SOLE   102,288 0 0
Scholastic Corp COM 807066105 14,942 364,969 SH   SOLE   364,969 0 0
SolarCity Corp. COM 83416t100 2,320 45,250 SH   SOLE   45,250 0 0
Starbucks Corp. COM 855244109 237 2,500 SH   SOLE   2,500 0 0
Synchrony Financial COM 87165b103 11,484 378,375 SH   SOLE   378,375 0 0
The Brinks Co. COM 109696104 11,432 413,755 SH   SOLE   413,755 0 0
The Howard Hughes Corp. COM 44267D107 570 3,675 SH   SOLE   3,675 0 0
Veritiv Corp. COM 923454102 1,812 41,060 SH   SOLE   41,060 0 0
Wells Fargo & Co. COM 949746101 695 12,775 SH   SOLE   12,775 0 0
Westwood Holdings Group Inc. COM 961765104 3,523 58,421 SH   SOLE   58,421 0 0