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
AUTOMATIC DATA PROCESSING IN COM 053015103 366 4,400 SH   SOLE   4,000 0 400
AMERICAN EXPRESS CO COM 025816109 6,140 70,137 SH   SOLE   19,213 0 50,924
BERKSHIRE HATHAWAY CL A COM 084670108 3,310 16 SH   SOLE   13 0 3
BERKSHIRE HATHAWAY CL B COM 084670702 37,079 268,418 SH   SOLE   85,125 0 183,293
CNA FINL CORP COM 126117100 12,922 339,788 SH   SOLE   99,487 0 240,301
GOLDMAN SACHS GROUP INC COM 38141G104 33,312 181,469 SH   SOLE   32,225 0 149,244
LEUCADIA NATL CORP COM 527288104 1,505 63,130 SH   SOLE   10,000 0 53,130
M D C HLDGS INC COM 552676108 3,473 137,160 SH   SOLE   16,600 0 120,560
MARKEL CORP COM 570535104 445 700 SH   SOLE   700 0 0
STARBUCKS CORP COM 855244109 23,303 308,812 SH   SOLE   141,487 0 167,325
STAPLES INC COM 855030102 3,491 288,505 SH   SOLE   20,450 0 268,055
US BANCORP DEL COM 902973304 4,507 107,747 SH   SOLE   31,262 0 76,485
WELLS FARGO & CO COM 949746101 14,745 284,262 SH   SOLE   27,087 0 257,175