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
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 379 2,226 SH   SOLE   0 0 2,226
ALASKA AIR GROUP INC COM 011659109 289 4,200 SH   SOLE   0 0 4,200
ALLEGHANY CORP DEL COM 017175100 3,230 4,950 SH   SOLE   0 0 4,950
ALPHABET INC CAP STK CL A 02079K305 579 480 SH   SOLE   0 0 480
ALPHABET INC CAP STK CL C 02079K107 8,661 7,257 SH   SOLE   0 0 7,257
AMAZON COM INC COM 023135106 304 152 SH   SOLE   0 0 152
AMERICAN EXPRESS CO COM 025816109 921 8,652 SH   SOLE   0 0 8,652
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 3,458 39,490 SH   SOLE   0 0 39,490
APPLE INC COM 037833100 11,576 51,279 SH   SOLE   0 0 51,279
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 680 20,981 SH   SOLE   0 0 20,981
BANK AMER CORP *W EXP 01/16/201 060505146 214 12,000 SH   SOLE   0 0 12,000
BERKSHIRE HATHAWAY INC DEL CL A 084670108 7,040 22 SH   SOLE   0 0 22
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 23,093 107,855 SH   SOLE   0 0 107,855
BLACKSTONE MTG TR INC COM CL A 09257W100 259 7,733 SH   SOLE   0 0 7,733
BLUE HILLS BANCORP INC COM 095573101 820 34,031 SH   SOLE   0 0 34,031
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 3,020 67,825 SH   SOLE   0 0 67,825
BROWN FORMAN CORP CL A 115637100 30 600 SH   SOLE   0 0 600
BROWN FORMAN CORP CL B 115637209 17 337 SH   SOLE   0 0 337
BSB BANCORP INC MD COM 05573H108 213 6,542 SH   SOLE   0 0 6,542
CANADIAN NATL RY CO COM 136375102 979 10,900 SH   SOLE   0 0 10,900
CARMAX INC COM 143130102 373 5,000 SH   SOLE   0 0 5,000
CASEYS GEN STORES INC COM 147528103 1,551 12,015 SH   SOLE   0 0 12,015
CEDAR FAIR L P DEPOSITRY UNIT 150185106 323 6,200 SH   SOLE   0 0 6,200
COSTCO WHSL CORP NEW COM 22160K105 2,810 11,965 SH   SOLE   0 0 11,965
EQUIFAX INC COM 294429105 614 4,700 SH   SOLE   0 0 4,700
FACEBOOK INC CL A 30303M102 330 2,005 SH   SOLE   0 0 2,005
FS BANCORP INC COM 30263Y104 236 4,240 SH   SOLE   0 0 4,240
GABELLI EQUITY TR INC COM 362397101 1,889 291,515 SH   SOLE   0 0 291,515
GENERAL ELECTRIC CO COM 369604103 935 82,850 SH   SOLE   0 0 82,850
GRANITE PT MTG TR INC COM 38741L107 193 10,000 SH   SOLE   0 0 10,000
ISHARES TR CORE S&P500 ETF 464287200 1,730 5,910 SH   SOLE   0 0 5,910
ISHARES TR RUSSELL 2000 ETF 464287655 131 780 SH   SOLE   0 0 780
ISHARES TR RUS 2000 GRW ETF 464287648 153 710 SH   SOLE   0 0 710
ISHARES TR RUS 2000 VAL ETF 464287630 144 1,085 SH   SOLE   0 0 1,085
ISHARES TR RUS MID CAP ETF 464287499 428 1,940 SH   SOLE   0 0 1,940
JEFFERIES FINL GROUP INC COM 47233W109 647 29,455 SH   SOLE   0 0 29,455
JOHNSON & JOHNSON COM 478160104 4,185 30,291 SH   SOLE   0 0 30,291
LIBERTY LATIN AMERICA LTD COM CL C G9001E128 946 45,842 SH   SOLE   0 0 45,842
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 4 145 SH   SOLE   0 0 145
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 3,813 107,157 SH   SOLE   0 0 107,157
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 7,401 170,364 SH   SOLE   0 0 170,364
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM 531229607 20 468 SH   SOLE   0 0 468
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 1,024 43,964 SH   SOLE   0 0 43,964
MASTERCARD INCORPORATED CL A 57636Q104 2,182 9,800 SH   SOLE   0 0 9,800
MONDELEZ INTL INC CL A 609207105 1,443 33,596 SH   SOLE   0 0 33,596
PANHANDLE OIL AND GAS INC CL A 698477106 336 18,200 SH   SOLE   0 0 18,200
PEPSICO INC COM 713448108 574 5,131 SH   SOLE   0 0 5,131
PRICESMART INC COM 741511109 1,484 18,330 SH   SOLE   0 0 18,330
RENN FD INC COM 759720105 108 59,396 SH   SOLE   0 0 59,396
RESTAURANT BRANDS INTL INC COM 76131D103 354 6,000 SH   SOLE   0 0 6,000
ROYCE MICRO-CAP TR INC COM 780915104 910 89,120 SH   SOLE   0 0 89,120
RYMAN HOSPITALITY PPTYS INC COM 78377T107 215 2,500 SH   SOLE   0 0 2,500
SEASPAN CORP SHS Y75638109 3,305 396,700 SH   SOLE   0 0 396,700
SERVICEMASTER GLOBAL HLDGS I COM 81761R109 447 7,200 SH   SOLE   0 0 7,200
SOURCE CAP INC COM 836144105 4,796 119,293 SH   SOLE   0 0 119,293
STORE CAP CORP COM 862121100 597 21,500 SH   SOLE   0 0 21,500
TEXAS PAC LD TR SUB CTF PROP I T 882610108 8,399 9,737 SH   SOLE   0 0 9,737
HOWARD HUGHES CORP COM 44267D107 4,720 38,000 SH   SOLE   0 0 38,000
TIDEWATER INC NEW COM 88642R109 662 21,219 SH   SOLE   0 0 21,219
TIDEWATER INC NEW *W EXP 07/31/202 88642R117 83 20,130 SH   SOLE   0 0 20,130
TIDEWATER INC NEW *W EXP 07/31/202 88642R125 79 21,762 SH   SOLE   0 0 21,762
UMH PPTYS INC COM 903002103 1,058 67,637 SH   SOLE   0 0 67,637
UNILEVER PLC SPON ADR NEW 904767704 330 6,000 SH   SOLE   0 0 6,000
UNION PAC CORP COM 907818108 4,168 25,595 SH   SOLE   0 0 25,595
UNITED FIRE GROUP INC COM 910340108 596 11,738 SH   SOLE   0 0 11,738
VERISK ANALYTICS INC COM 92345Y106 958 7,950 SH   SOLE   0 0 7,950
WELLS FARGO CO NEW COM 949746101 5,441 103,522 SH   SOLE   0 0 103,522
WELLS FARGO CO NEW *W EXP 10/28/201 949746119 725 37,600 SH   SOLE   0 0 37,600
WHITE MTNS INS GROUP LTD COM G9618E107 3,669 3,920 SH   SOLE   0 0 3,920
WYNDHAM HOTELS & RESORTS INC COM 98311A105 1,538 27,675 SH   SOLE   0 0 27,675