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 220 1,002 SH   SOLE   1,002 0 0
AT&T INC COM 00206R102 1,104 30,965 SH   SOLE   30,965 0 0
ABBOTT LABS COM 002824100 1,867 31,153 SH   SOLE   31,153 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 787 28,742 SH   SOLE   28,742 0 0
AERCAP HOLDINGS NV SHS N00985106 450 8,869 SH   SOLE   8,869 0 0
AIR PRODS & CHEMS INC COM 009158106 600 3,774 SH   SOLE   3,774 0 0
ALASKA AIR GROUP INC COM 011659109 223 3,600 SH   SOLE   3,600 0 0
ALLEGHANY CORP DEL COM 017175100 22,399 36,454 SH   SOLE   36,454 0 0
ALLY FINL INC COM 02005N100 208 7,662 SH   SOLE   7,662 0 0
AMERCO COM 023586100 1,134 3,286 SH   SOLE   3,286 0 0
AMERICAN EXPRESS CO COM 025816109 769 8,244 SH   SOLE   8,244 0 0
AMERICAN NATL INS CO COM 028591105 1,426 12,191 SH   SOLE   12,191 0 0
AMGEN INC COM 031162100 971 5,695 SH   SOLE   5,695 0 0
ANIXTER INTL INC COM 035290105 258 3,400 SH   SOLE   3,400 0 0
ANNALY CAP MGMT INC COM 035710409 213 20,450 SH   SOLE   20,450 0 0
ANTERO RES CORP COM 03674X106 800 40,300 SH   SOLE   40,300 0 0
APACHE CORP COM 037411105 438 11,389 SH   SOLE   11,389 0 0
APPLE INC COM 037833100 1,462 8,713 SH   SOLE   8,713 0 0
APPLIED MATLS INC COM 038222105 680 12,234 SH   SOLE   12,234 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 298 5,200 SH   SOLE   5,200 0 0
BANK AMER CORP COM 060505104 407 13,573 SH   SOLE   13,573 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,936 76,390 SH   SOLE   76,390 0 0
W R BERKLEY CORPORATION COM 084423102 15,694 215,869 SH   SOLE   215,869 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,393 8 SH   SOLE   8 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 50,942 255,374 SH   SOLE   255,374 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 428 13,400 SH   SOLE   13,400 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 423 13,475 SH   SOLE   13,475 0 0
BOARDWALK PIPELINE PARTNERS UT LTD PARTNER 096627104 1,776 174,987 SH   SOLE   174,987 0 0
BRIGHTHOUSE FINL INC COM 10922N103 608 11,830 SH   SOLE   11,830 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 2,187 19,940 SH   SOLE   19,940 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 866 22,201 SH   SOLE   22,201 0 0
CNA FINL CORP COM 126117100 1,756 35,585 SH   SOLE   35,585 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 488 18,900 SH   SOLE   18,900 0 0
CABLE ONE INC COM 12685J105 429 625 SH   SOLE   625 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 1,321 77,036 SH   SOLE   77,036 0 0
CANADIAN NAT RES LTD COM 136385101 592 18,814 SH   SOLE   18,814 0 0
CARS COM INC COM 14575E105 1,210 42,722 SH   SOLE   42,722 0 0
CATHAY GEN BANCORP COM 149150104 432 10,800 SH   SOLE   10,800 0 0
CELGENE CORP COM 151020104 303 3,400 SH   SOLE   3,400 0 0
CENTERPOINT ENERGY INC COM 15189T107 86 10,100 SH   SOLE   10,100 0 0
CHEMOURS CO COM 163851108 287 5,882 SH   SOLE   5,882 0 0
CHEVRON CORP NEW COM 166764100 1,429 12,528 SH   SOLE   12,528 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 788 54,746 SH   SOLE   54,746 0 0
CIMAREX ENERGY CO COM 171798101 3,983 42,601 SH   SOLE   42,601 0 0
CISCO SYS INC COM 17275R102 693 16,169 SH   SOLE   16,169 0 0
CLOROX CO DEL COM 189054109 202 1,521 SH   SOLE   1,521 0 0
CNX RESOURCES CORPORATION COM 12653C108 161 10,450 SH   SOLE   10,450 0 0
COCA COLA CO COM 191216100 2,013 46,360 SH   SOLE   46,360 0 0
COMCAST CORP NEW CL A 20030N101 213 6,224 SH   SOLE   6,224 0 0
CONOCOPHILLIPS COM 20825C104 1,499 25,276 SH   SOLE   25,276 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 1,995 31,740 SH   SOLE   31,740 0 0
CONTANGO OIL & GAS COMPANY COM NEW 21075N204 98 27,593 SH   SOLE   27,593 0 0
CORNING INC COM 219350105 423 15,170 SH   SOLE   15,170 0 0
COSTCO WHSL CORP NEW COM 22160K105 468 2,484 SH   SOLE   2,484 0 0
COVANTA HLDG CORP COM 22282E102 584 40,250 SH   SOLE   40,250 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 1,573 107,729 SH   SOLE   107,729 0 0
DAILY JOURNAL CORP COM 233912104 203 889 SH   SOLE   889 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 723 49,326 SH   SOLE   49,326 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 613 31,418 SH   SOLE   31,418 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 1,028 63,876 SH   SOLE   63,876 0 0
DOWDUPONT INC COM 26078J100 2,429 38,130 SH   SOLE   38,130 0 0
EBAY INC COM 278642103 279 6,923 SH   SOLE   6,923 0 0
EDISON INTL COM 281020107 223 3,504 SH   SOLE   3,504 0 0
EMERSON ELEC CO COM 291011104 1,669 24,433 SH   SOLE   24,433 0 0
ENBRIDGE ENERGY MANAGEMENT L SHS UNITS LLI 29250X103 250 27,310 SH   SOLE   27,310 0 0
ENSCO PLC SHS CLASS A G3157S106 248 56,448 SH   SOLE   56,448 0 0
ENSTAR GROUP LIMITED SHS G3075P101 12,994 61,803 SH   SOLE   61,803 0 0
ENTERGY CORP NEW COM 29364G103 527 6,692 SH   SOLE   6,692 0 0
EXXON MOBIL CORP COM 30231G102 316 4,230 SH   SOLE   4,230 0 0
Fairfax Financial Hldgs Ltd COM 303901102 11,913 23,517 SH   SOLE   23,517 0 0
FOREST CITY RLTY TR INC COM CL A 345605109 2,191 108,155 SH   SOLE   108,155 0 0
GANNETT CO INC COM 36473H104 655 65,675 SH   SOLE   65,675 0 0
GENER8 MARITIME INC COM Y26889108 99 17,500 SH   SOLE   17,500 0 0
GENERAL DYNAMICS CORP COM 369550108 795 3,600 SH   SOLE   3,600 0 0
GENERAL ELECTRIC CO COM 369604103 202 14,995 SH   SOLE   14,995 0 0
GENERAL AMERN INVS INC COM 368802104 3,891 116,248 SH   SOLE   116,248 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 366 37,095 SH   SOLE   37,095 0 0
GOLUB CAP BDC INC COM 38173M102 450 25,164 SH   SOLE   25,164 0 0
GRAHAM HLDGS CO COM 384637104 376 625 SH   SOLE   625 0 0
HALLADOR ENERGY COMPANY COM 40609P105 114 16,656 SH   SOLE   16,656 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 485 9,405 SH   SOLE   9,405 0 0
HELMERICH & PAYNE INC COM 423452101 2,286 34,350 SH   SOLE   34,350 0 0
INTEL CORP COM 458140100 437 8,394 SH   SOLE   8,394 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 1,661 10,825 SH   SOLE   10,825 0 0
INTL PAPER CO COM 460146103 713 13,351 SH   SOLE   13,351 0 0
JOHNSON & JOHNSON COM 478160104 3,304 25,779 SH   SOLE   25,779 0 0
JPMORGAN CHASE & CO COM 46625H100 230 2,094 SH   SOLE   2,094 0 0
KLONDEX MNS LTD COM 498696103 26 11,000 SH   SOLE   11,000 0 0
LENNAR CORP CL B 526057302 861 18,051 SH   SOLE   18,051 0 0
LEUCADIA NATL CORP COM 527288104 11,171 491,459 SH   SOLE   491,459 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 528 6,164 SH   SOLE   6,164 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 361 11,863 SH   SOLE   11,863 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 253 11,089 SH   SOLE   11,089 0 0
LOEWS CORP COM 540424108 14,757 296,740 SH   SOLE   296,740 0 0
MARATHON OIL CORP COM 565849106 751 46,540 SH   SOLE   46,540 0 0
MARKEL CORP COM 570535104 18,724 16,000 SH   SOLE   16,000 0 0
MCDERMOTT INTL INC COM 580037109 79 13,000 SH   SOLE   13,000 0 0
MEDLEY CAP CORP COM 58503F106 78 19,491 SH   SOLE   19,491 0 0
MERCK & CO INC COM 58933Y105 235 4,310 SH   SOLE   4,310 0 0
METHANEX CORP COM 59151K108 534 8,800 SH   SOLE   8,800 0 0
METLIFE INC COM 59156R108 477 10,402 SH   SOLE   10,402 0 0
MICROSOFT CORP COM 594918104 5,744 62,930 SH   SOLE   62,930 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 1,006 66,903 SH   SOLE   66,903 0 0
NEW MEDIA INVT GROUP INC COM 64704V106 272 15,856 SH   SOLE   15,856 0 0
NEW YORK REIT INC COM 64976L109 273 12,712 SH   SOLE   12,712 0 0
NOBLE CORP PLC SHS USD G65431101 135 36,375 SH   SOLE   36,375 0 0
NOVARTIS A G SPONSORED ADR 66987V109 591 7,306 SH   SOLE   7,306 0 0
NOW INC COM 67011P100 2,266 221,694 SH   SOLE   221,694 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 504 22,600 SH   SOLE   22,600 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 625 15,780 SH   SOLE   15,780 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 449 6,907 SH   SOLE   6,907 0 0
OFG BANCORP COM 67103X102 252 24,116 SH   SOLE   24,116 0 0
PICO HLDGS INC COM NEW 693366205 1,394 121,788 SH   SOLE   121,788 0 0
PATTERSON UTI ENERGY INC COM 703481101 567 32,400 SH   SOLE   32,400 0 0
PAYPAL HLDGS INC COM 70450Y103 532 7,013 SH   SOLE   7,013 0 0
PEPSICO INC COM 713448108 349 3,197 SH   SOLE   3,197 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 711 73,650 SH   SOLE   73,650 0 0
PFIZER INC COM 717081103 352 9,922 SH   SOLE   9,922 0 0
PNC FINL SVCS GROUP INC COM 693475105 849 5,615 SH   SOLE   5,615 0 0
PROCTER AND GAMBLE CO COM 742718109 367 4,625 SH   SOLE   4,625 0 0
REIS INC COM 75936P105 202 9,400 SH   SOLE   9,400 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,384 147,865 SH   SOLE   147,865 0 0
ROYCE VALUE TR INC COM 780910105 1,188 76,382 SH   SOLE   76,382 0 0
RPC INC COM 749660106 6,315 350,234 SH   SOLE   350,234 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 415 1,577 SH   SOLE   1,577 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 1,539 35,021 SH   SOLE   35,021 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 1,081 136,892 SH   SOLE   136,892 0 0
SCRIPPS E W CO OHIO CL A NEW 811054402 430 35,833 SH   SOLE   35,833 0 0
SEMPRA ENERGY COM 816851109 451 4,059 SH   SOLE   4,059 0 0
SOLITARIO ZINC CORP COM 8342EP107 7 14,300 SH   SOLE   14,300 0 0
SOURCE CAP INC COM 836144105 2,294 57,489 SH   SOLE   57,489 0 0
SYSCO CORP COM 871829107 739 12,325 SH   SOLE   12,325 0 0
TAHOE RES INC COM 873868103 81 17,300 SH   SOLE   17,300 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 268 48,099 SH   SOLE   48,099 0 0
TECHNIPFMC PLC COM G87110105 274 9,300 SH   SOLE   9,300 0 0
TEGNA INC COM 87901J105 1,685 147,905 SH   SOLE   147,905 0 0
TEJON RANCH CO COM 879080109 278 12,012 SH   SOLE   12,012 0 0
SOUTHERN CO COM 842587107 379 8,480 SH   SOLE   8,480 0 0
TIDEWATER INC NEW COM 88642R109 1,597 55,805 SH   SOLE   55,805 0 0
TOTAL S A SPONSORED ADR 89151E109 517 8,961 SH   SOLE   8,961 0 0
TRI POINTE GROUP INC COM 87265H109 3,290 200,244 SH   SOLE   200,244 0 0
US BANCORP DEL COM NEW 902973304 888 17,591 SH   SOLE   17,591 0 0
UNITED SECURITY BANCSHARES C COM 911460103 226 21,049 SH   SOLE   21,049 0 0
V F CORP COM 918204108 565 7,618 SH   SOLE   7,618 0 0
VANGUARD GROUP DIV APP ETF 921908844 1,854 18,343 SH   SOLE   18,343 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 364 6,265 SH   SOLE   6,265 0 0
VANGUARD WHITEHALL FDS INC INTL DVD ETF 921946810 343 5,330 SH   SOLE   5,330 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 382 7,993 SH   SOLE   7,993 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 515 18,517 SH   SOLE   18,517 0 0
WELLS FARGO CO NEW COM 949746101 819 15,633 SH   SOLE   15,633 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,317 74,333 SH   SOLE   74,333 0 0
WEYERHAEUSER CO COM 962166104 884 25,254 SH   SOLE   25,254 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 23,656 28,760 SH   SOLE   28,760 0 0