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
GANNETT CO INC COM 36473H104 441 41,050 SH   SOLE   41,050 0 0
SEMPRA ENERGY COM 816851109 502 3,402 SH   SOLE   3,402 0 0
EBAY INC COM 278642103 242 6,200 SH   SOLE   6,200 0 0
JOHNSON & JOHNSON COM 478160104 2,840 21,954 SH   SOLE   21,954 0 0
DISCOVERY INC COM SER C 25470F302 911 37,015 SH   SOLE   37,015 0 0
COVANTA HLDG CORP COM 22282E102 696 40,250 SH   SOLE   40,250 0 0
VANGUARD WHITEHALL FDS INC INTL DVD ETF 921946810 281 4,220 SH   SOLE   4,220 0 0
COSTCO WHSL CORP NEW COM 22160K105 685 2,379 SH   SOLE   2,379 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 1,087 128,963 SH   SOLE   128,962 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 345 66,543 SH   SOLE   66,543 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 1,572 36,347 SH   SOLE   36,347 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 262 9,425 SH   SOLE   9,425 0 0
PROCTER & GAMBLE CO COM 742718109 515 4,140 SH   SOLE   4,140 0 0
OCCIDENTAL PETE CORP COM 674599105 456 10,253 SH   SOLE   10,253 0 0
INTEL CORP COM 458140100 378 7,332 SH   SOLE   7,332 0 0
CLOROX CO DEL COM 189054109 228 1,500 SH   SOLE   1,500 0 0
AMERCO COM 023586100 1,752 4,491 SH   SOLE   4,491 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 350 21,990 SH   SOLE   21,990 0 0
TIDEWATER INC NEW COM 88642R109 848 56,144 SH   SOLE   56,144 0 0
SANOFI SPONSORED ADR 80105N105 236 5,100 SH   SOLE   5,100 0 0
MERCK & CO INC COM 58933Y105 268 3,182 SH   SOLE   3,182 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 353 1,188 SH   SOLE   1,188 0 0
EMERSON ELEC CO COM 291011104 1,567 23,442 SH   SOLE   23,442 0 0
AMERICAN NATL INS CO COM 028591105 1,384 11,184 SH   SOLE   11,184 0 0
ANNALY CAP MGMT INC COM 035710409 141 16,000 SH   SOLE   16,000 0 0
ALASKA AIR GROUP INC COM 011659109 247 3,800 SH   SOLE   3,800 0 0
ANIXTER INTL INC COM 035290105 235 3,400 SH   SOLE   3,400 0 0
CORNING INC COM 219350105 429 15,030 SH   SOLE   15,030 0 0
CONTURA ENERGY INC COM 21241B100 244 8,718 SH   SOLE   8,718 0 0
BANK NEW YORK MELLON CORP COM 064058100 4,142 91,623 SH   SOLE   91,622 0 0
TEGNA INC COM 87901J105 1,529 98,445 SH   SOLE   98,445 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 314 5,202 SH   SOLE   5,202 0 0
PEPSICO INC COM 713448108 392 2,858 SH   SOLE   2,858 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 244 22,775 SH   SOLE   22,775 0 0
US BANCORP DEL COM NEW 902973304 524 9,463 SH   SOLE   9,463 0 0
BRIGHTHOUSE FINL INC COM 10922N103 335 8,276 SH   SOLE   8,276 0 0
DUPONT DE NEMOURS INC COM 26614N102 899 12,607 SH   SOLE   12,607 0 0
SOUTHERN CO COM 842587107 426 6,890 SH   SOLE   6,890 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 2,370 19,050 SH   SOLE   19,050 0 0
CENTURYLINK INC COM 156700106 655 52,448 SH   SOLE   52,447 0 0
CENOVUS ENERGY INC COM 15135U109 314 33,475 SH   SOLE   33,475 0 0
CARS COM INC COM 14575E105 322 35,874 SH   SOLE   35,874 0 0
NUTRIEN LTD COM 67077M108 221 4,434 SH   SOLE   4,434 0 0
PATTERSON UTI ENERGY INC COM 703481101 268 31,400 SH   SOLE   31,400 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 52,858 254,099 SH   SOLE   254,099 0 0
WEYERHAEUSER CO COM 962166104 640 23,095 SH   SOLE   23,095 0 0
SOLAR CAP LTD COM 83413U100 243 11,763 SH   SOLE   11,763 0 0
COMCAST CORP NEW CL A 20030N101 434 9,621 SH   SOLE   9,621 0 0
MICROSOFT CORP COM 594918104 7,746 55,712 SH   SOLE   55,712 0 0
CANADIAN NAT RES LTD COM 136385101 1,701 63,892 SH   SOLE   63,892 0 0
JEFFERIES FINL GROUP INC COM 47233W109 11,797 641,155 SH   SOLE   641,154 0 0
V F CORP COM 918204108 667 7,500 SH   SOLE   7,500 0 0
SOLITARIO ZINC CORP COM 8342EP107 4 14,300 SH   SOLE   14,300 0 0
ST JOE CO COM 790148100 617 36,001 SH   SOLE   36,001 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 713 49,500 SH   SOLE   49,500 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,495 8 SH   SOLE   8 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,134 140,996 SH   SOLE   140,995 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 290 4,130 SH   SOLE   4,130 0 0
MACERICH CO COM 554382101 551 17,450 SH   SOLE   17,450 0 0
ISTAR INC COM 45031U101 1,280 98,070 SH   SOLE   98,070 0 0
TEJON RANCH CO COM 879080109 184 10,862 SH   SOLE   10,862 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 331 6,165 SH   SOLE   6,165 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,460 27,498 SH   SOLE   27,498 0 0
METHANEX CORP COM 59151K108 288 8,100 SH   SOLE   8,100 0 0
DOW INC COM 260557103 601 12,607 SH   SOLE   12,607 0 0
GENERAL AMERN INVS INC COM 368802104 3,688 101,469 SH   SOLE   101,469 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 358 57,413 SH   SOLE   57,413 0 0
GOLUB CAP BDC INC COM 38173M102 544 28,864 SH   SOLE   28,864 0 0
CORTEVA INC COM 22052L104 359 12,807 SH   SOLE   12,807 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 220 2,032 SH   SOLE   2,032 0 0
GRINDROD SHIPPING HOLDINGS L SHS Y28895103 90 17,246 SH   SOLE   17,246 0 0
VALARIS PLC SHS CLASS A G9402V109 85 17,715 SH   SOLE   17,715 0 0
AIR PRODS & CHEMS INC COM 009158106 822 3,703 SH   SOLE   3,703 0 0
PICO HLDGS INC COM NEW 693366205 1,196 118,504 SH   SOLE   118,503 0 0
UNITED SECURITY BANCSHARES C COM 911460103 221 21,049 SH   SOLE   21,049 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 239 14,265 SH   SOLE   14,265 0 0
AERCAP HOLDINGS NV SHS N00985106 338 6,182 SH   SOLE   6,182 0 0
SOURCE CAP INC COM 836144105 1,981 54,258 SH   SOLE   54,257 0 0
RPC INC COM 749660106 2,276 405,672 SH   SOLE   405,672 0 0
FREEPORT-MCMORAN INC CL B 35671D857 263 27,461 SH   SOLE   27,460 0 0
SYSCO CORP COM 871829107 792 9,975 SH   SOLE   9,975 0 0
ENTERGY CORP NEW COM 29364G103 718 6,122 SH   SOLE   6,122 0 0
CATHAY GEN BANCORP COM 149150104 337 9,700 SH   SOLE   9,700 0 0
EURONAV NV ANTWERPEN SHS B38564108 258 28,091 SH   SOLE   28,091 0 0
CREDIT ACCEP CORP MICH COM 225310101 600 1,300 SH   SOLE   1,300 0 0
SANDRIDGE MISSISSIPPIAN TR I SH BEN INT 80007V106 9 18,500 SH   SOLE   18,500 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 560 80,507 SH   SOLE   80,507 0 0
ROYCE VALUE TR INC COM 780910105 1,289 93,696 SH   SOLE   93,696 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 1,809 27,579 SH   SOLE   27,578 0 0
CELGENE CORP COM 151020104 290 2,925 SH   SOLE   2,925 0 0
TRINITY PL HLDGS INC COM 89656D101 53 13,350 SH   SOLE   13,350 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 534 34,770 SH   SOLE   34,770 0 0
METLIFE INC COM 59156R108 305 6,462 SH   SOLE   6,462 0 0
TECHNIPFMC PLC COM G87110105 225 9,300 SH   SOLE   9,300 0 0
NOVARTIS A G SPONSORED ADR 66987V109 635 7,306 SH   SOLE   7,306 0 0
TOTAL S A SPONSORED ADS 89151E109 432 8,301 SH   SOLE   8,301 0 0
CIMAREX ENERGY CO COM 171798101 1,827 38,108 SH   SOLE   38,107 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 29,241 27,075 SH   SOLE   27,075 0 0
MOHAWK INDS INC COM 608190104 2,042 16,460 SH   SOLE   16,460 0 0
ENBRIDGE INC COM 29250N105 282 8,047 SH   SOLE   8,047 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 233 25,284 SH   SOLE   25,284 0 0
TEEKAY CORPORATION COM Y8564W103 60 15,000 SH   SOLE   15,000 0 0
CUSTOMERS BANCORP INC COM 23204G100 245 11,800 SH   SOLE   11,800 0 0
ZOETIS INC CL A 98978V103 311 2,500 SH   SOLE   2,500 0 0
BLACKSTONE GROUP INC COM CL A 09260D107 645 13,200 SH   SOLE   13,200 0 0
HALLADOR ENERGY COMPANY COM 40609P105 53 14,663 SH   SOLE   14,662 0 0
OFG BANCORP COM 67103X102 384 17,550 SH   SOLE   17,550 0 0
AMBAC FINL GROUP INC COM NEW 023139884 413 21,100 SH   SOLE   21,100 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 497 13,875 SH   SOLE   13,875 0 0
GENERAL DYNAMICS CORP COM 369550108 660 3,613 SH   SOLE   3,613 0 0
CISCO SYS INC COM 17275R102 739 14,948 SH   SOLE   14,948 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 733 30,815 SH   SOLE   30,815 0 0
APACHE CORP COM 037411105 304 11,889 SH   SOLE   11,889 0 0
LENNAR CORP CL B 526057302 1,517 34,185 SH   SOLE   34,185 0 0
AT&T INC COM 00206R102 820 21,681 SH   SOLE   21,681 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 110 10,854 SH   SOLE   10,854 0 0
CONTANGO OIL & GAS COMPANY COM NEW 21075N204 97 34,928 SH   SOLE   34,928 0 0
NOBLE CORP PLC SHS USD G65431101 56 43,875 SH   SOLE   43,875 0 0
SCORPIO BULKERS INC COM Y7546A122 285 46,800 SH   SOLE   46,800 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 663 119,331 SH   SOLE   119,331 0 0
WELLS FARGO CO NEW COM 949746101 774 15,336 SH   SOLE   15,336 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 594 45,711 SH   SOLE   45,710 0 0
LOCKHEED MARTIN CORP COM 539830109 215 552 SH   SOLE   552 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 1,281 68,676 SH   SOLE   68,676 0 0
JPMORGAN CHASE & CO COM 46625H100 210 1,787 SH   SOLE   1,787 0 0
WESTAMERICA BANCORPORATION COM 957090103 3,807 61,233 SH   SOLE   61,233 0 0
INTL PAPER CO COM 460146103 516 12,350 SH   SOLE   12,350 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 450 7,427 SH   SOLE   7,427 0 0
CHEVRON CORP NEW COM 166764100 1,413 11,916 SH   SOLE   11,916 0 0
CONOCOPHILLIPS COM 20825C104 1,392 24,430 SH   SOLE   24,429 0 0
MARKEL CORP COM 570535104 21,443 18,143 SH   SOLE   18,143 0 0
BANK AMER CORP COM 060505104 354 12,140 SH   SOLE   12,140 0 0
PFIZER INC COM 717081103 337 9,370 SH   SOLE   9,370 0 0
AMERICAN EXPRESS CO COM 025816109 957 8,094 SH   SOLE   8,093 0 0
AMGEN INC COM 031162100 1,064 5,500 SH   SOLE   5,500 0 0
APPLIED MATLS INC COM 038222105 610 12,234 SH   SOLE   12,234 0 0
ALLY FINL INC COM 02005N100 260 7,849 SH   SOLE   7,849 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 224 39,433 SH   SOLE   39,433 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 459 152,052 SH   SOLE   152,052 0 0
NOW INC COM 67011P100 2,060 179,577 SH   SOLE   179,577 0 0
VANGUARD GROUP DIV APP ETF 921908844 1,949 16,301 SH   SOLE   16,301 0 0
ENSTAR GROUP LIMITED SHS G3075P101 15,810 83,248 SH   SOLE   83,248 0 0
ANTERO RES CORP COM 03674X106 137 45,481 SH   SOLE   45,481 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 620 14,919 SH   SOLE   14,919 0 0
ORION ENGINEERED CARBONS S A COM L72967109 269 16,080 SH   SOLE   16,080 0 0
DAILY JOURNAL CORP COM 233912104 220 889 SH   SOLE   889 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 232 2,220 SH   SOLE   2,220 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 691 6,604 SH   SOLE   6,604 0 0
ANTERO MIDSTREAM CORP COM 03676B102 76 10,325 SH   SOLE   10,325 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 886 86,841 SH   SOLE   86,841 0 0
CNA FINL CORP COM 126117100 1,538 31,229 SH   SOLE   31,229 0 0
HELMERICH & PAYNE INC COM 423452101 1,482 36,980 SH   SOLE   36,980 0 0
PNC FINL SVCS GROUP INC COM 693475105 778 5,550 SH   SOLE   5,550 0 0
GRAHAM HLDGS CO COM 384637104 415 625 SH   SOLE   625 0 0
BERKLEY W R CORP COM 084423102 21,706 300,514 SH   SOLE   300,513 0 0
LOEWS CORP COM 540424108 17,167 333,464 SH   SOLE   333,464 0 0
SPROTT FOCUS TR INC COM 85208J109 113 16,837 SH   SOLE   16,837 0 0
EXXON MOBIL CORP COM 30231G102 593 8,404 SH   SOLE   8,404 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 257 12,925 SH   SOLE   12,925 0 0
CABLE ONE INC COM 12685J105 784 625 SH   SOLE   625 0 0
PAYPAL HLDGS INC COM 70450Y103 695 6,713 SH   SOLE   6,713 0 0
THE CHARLES SCHWAB CORPORATI COM 808513105 1,980 47,335 SH   SOLE   47,334 0 0
APPLE INC COM 037833100 2,093 9,344 SH   SOLE   9,343 0 0
ABBOTT LABS COM 002824100 2,353 28,122 SH   SOLE   28,121 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 292 3,900 SH   SOLE   3,900 0 0
ALLEGHANY CORP DEL COM 017175100 29,390 36,841 SH   SOLE   36,841 0 0
FAIRFAX FINL HLDGS LTD SUB VTG Stock 303901102 12,990 29,447 SH   SOLE   29,447 0 0