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
AbbVie Inc COM 00287Y109 4,641 103,753 SH   SOLE   101,343 0 2,410
Abbott Laboratories COM 002824100 3,861 116,343 SH   SOLE   113,918 0 2,425
American International Group COM 026874784 8,272 170,110 SH   SOLE   166,770 0 3,340
Becton Dickinson & Co Com COM 075887109 3,210 32,093 SH   SOLE   31,343 0 750
Berkshire Hathaway-B COM 084670702 25,323 223,088 SH   SOLE   218,283 0 4,805
CVS Caremark Corp. COM 126650100 2,868 50,543 SH   SOLE   49,458 0 1,085
Chesapeake Energy Corporation COM 165167107 5,389 208,221 SH   SOLE   203,756 0 4,465
Chevron Corporation COM 166764100 2,003 16,484 SH   SOLE   15,724 0 760
Conocophillips COM 20825C104 2,540 36,539 SH   SOLE   35,484 0 1,055
Crimson Wine COM 22662x100 119 12,484 SH   SOLE   12,181 0 303
DirecTV COM 25490A309 2,473 41,375 SH   SOLE   40,525 0 850
Fairfax Financial Holdings Lim COM 303901102 2,526 6,198 SH   SOLE   6,080 0 118
Golden Star Resources Ltd COM 38119T104 4 11,000 SH   SOLE   11,000 0 0
Johnson & Johnson COM 478160104 11,584 133,621 SH   SOLE   130,871 0 2,750
Laboratory Corporation of Amer COM 50540R409 1,942 19,586 SH   SOLE   19,136 0 450
Leucadia National Corp COM 527288104 3,361 123,383 SH   SOLE   120,338 0 3,045
Markel Corp Holding Company COM 570535104 3,155 6,094 SH   SOLE   5,944 0 150
Medtronic Inc COM 585055106 7,354 138,103 SH   SOLE   134,958 0 3,145
Merck & Co Inc COM 58933Y105 4,906 103,050 SH   SOLE   100,975 0 2,075
Microsoft Corp COM 594918104 12,484 375,113 SH   SOLE   367,398 0 7,715
Pfizer Incorporated COM 717081103 6,203 215,933 SH   SOLE   211,433 0 4,500
Phillips 66 COM 718546104 1,180 20,401 SH   SOLE   19,915 0 486
Plum Creek Timber Reit COM 729251108 679 14,495 SH   SOLE   13,480 0 1,015
Transocean Inc Ord COM H8817H100 1,899 42,675 SH   SOLE   41,805 0 870
Wal-Mart Stores Inc COM 931142103 8,649 116,947 SH   SOLE   114,467 0 2,480
Weight Watchers Intl Com COM 948626106 1,388 37,145 SH   SOLE   36,395 0 750
Agnico-Eagle Mines Ltd COM 008474108 1,279 48,310 SH   SOLE   47,520 0 790
Central Fund Of Canada COM 153501101 13,879 944,132 SH   SOLE   925,252 0 18,880
Market Vectors Gold Miners Etf COM 57060U100 17,535 700,834 SH   SOLE   687,249 0 13,585
Newmont Mining Corp COM 651639106 14,929 531,290 SH   SOLE   520,595 0 10,695
Pan American Silver Corp COM 697900108 5,632 533,867 SH   SOLE   523,707 0 10,160