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 469 4,000 SH   SOLE   4,000 0 0
AMERICAN EXPRESS CO COM 025816109 1,831 18,438 SH   SOLE   17,438 0 1,000
BUILD A BEAR WORKSHOP COM 120076104 6,617 719,275 SH   SOLE   63,510 0 655,765
BERKSHIRE HATHAWAY CL A COM 084670108 4,762 16 SH   SOLE   13 0 3
BERKSHIRE HATHAWAY CL B COM 084670702 43,531 219,609 SH   SOLE   83,414 0 136,195
CNA FINL CORP COM 126117100 3,565 67,208 SH   SOLE   64,268 0 2,940
FIVE BELOW INC COM 33829M101 29,792 449,218 SH   SOLE   46,671 0 402,547
FOSSIL GROUP INC COM 34988V106 9,756 1,255,596 SH   SOLE   121,268 0 1,134,328
GOLDMAN SACHS GROUP INC COM 38141G104 26,891 105,554 SH   SOLE   17,252 0 88,302
INTERNATIONAL BUSINESS MACHS COM 459200101 276 1,800 SH   SOLE   0 0 1,800
L BRANDS INC COM 501797104 4,251 70,591 SH   SOLE   774 0 69,817
LEUCADIA NATL CORP COM 527288104 20,970 791,637 SH   SOLE   28,061 0 763,576
MATTEL INC COM 577081102 6,194 402,704 SH   SOLE   13,684 0 389,020
M D C HLDGS INC COM 552676108 10,733 336,656 SH   SOLE   12,041 0 324,615
MARKEL CORP COM 570535104 760 667 SH   SOLE   667 0 0
STARBUCKS CORP COM 855244109 29,890 520,456 SH   SOLE   281,124 0 239,332
US BANCORP DEL COM 902973304 2,285 42,638 SH   SOLE   25,162 0 17,476
WELLS FARGO & CO COM 949746101 1,702 28,046 SH   SOLE   9,108 0 18,938