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
SEMPRA ENERGY COM 816851109 515 3,402 SH   SOLE   3,402 0 0
EBAY INC COM 278642103 224 6,200 SH   SOLE   6,200 0 0
JOHNSON & JOHNSON COM 478160104 3,202 21,954 SH   SOLE   21,954 0 0
DISCOVERY INC COM SER C 25470F302 1,112 36,465 SH   SOLE   36,465 0 0
COVANTA HLDG CORP COM 22282E102 597 40,250 SH   SOLE   40,250 0 0
VANGUARD WHITEHALL FDS INC INTL DVD ETF 921946810 234 3,248 SH   SOLE   3,248 0 0
COSTCO WHSL CORP NEW COM 22160K105 699 2,379 SH   SOLE   2,379 0 0
CLEVELAND CLIFFS INC COM 185899101 102 12,120 SH   SOLE   12,120 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 1,052 120,767 SH   SOLE   120,766 0 0
PERMIAN BASIN RTY TR UNIT BEN INT 714236106 252 65,000 SH   SOLE   65,000 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 1,445 35,853 SH   SOLE   35,852 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 269 9,092 SH   SOLE   9,092 0 0
PROCTER & GAMBLE CO COM 742718109 208 1,668 SH   SOLE   1,668 0 0
OCCIDENTAL PETE CORP COM 674599105 423 10,255 SH   SOLE   10,254 0 0
INTEL CORP COM 458140100 439 7,332 SH   SOLE   7,332 0 0
CLOROX CO DEL COM 189054109 230 1,500 SH   SOLE   1,500 0 0
AMERCO COM 023586100 1,680 4,471 SH   SOLE   4,471 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 367 21,990 SH   SOLE   21,990 0 0
TIDEWATER INC NEW COM 88642R109 973 50,444 SH   SOLE   50,444 0 0
SANOFI SPONSORED ADR 80105N105 256 5,100 SH   SOLE   5,100 0 0
MERCK & CO INC COM 58933Y105 289 3,182 SH   SOLE   3,182 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 382 1,188 SH   SOLE   1,188 0 0
EMERSON ELEC CO COM 291011104 1,756 23,026 SH   SOLE   23,026 0 0
AMERICAN NATL INS CO COM 028591105 1,301 11,059 SH   SOLE   11,059 0 0
ANNALY CAP MGMT INC COM 035710409 151 16,000 SH   SOLE   16,000 0 0
ALASKA AIR GROUP INC COM 011659109 257 3,800 SH   SOLE   3,800 0 0
CORNING INC COM 219350105 438 15,030 SH   SOLE   15,030 0 0
CONTURA ENERGY INC COM 21241B100 111 12,318 SH   SOLE   12,318 0 0
BANK NEW YORK MELLON CORP COM 064058100 4,647 92,323 SH   SOLE   92,323 0 0
TEGNA INC COM 87901J105 1,544 92,530 SH   SOLE   92,530 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 319 5,202 SH   SOLE   5,202 0 0
PEPSICO INC COM 713448108 391 2,858 SH   SOLE   2,858 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 193 15,200 SH   SOLE   15,200 0 0
US BANCORP DEL COM NEW 902973304 561 9,463 SH   SOLE   9,463 0 0
BRIGHTHOUSE FINL INC COM 10922N103 380 9,676 SH   SOLE   9,676 0 0
DUPONT DE NEMOURS INC COM 26614N102 809 12,607 SH   SOLE   12,607 0 0
SOUTHERN CO COM 842587107 439 6,890 SH   SOLE   6,890 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 2,353 19,050 SH   SOLE   19,050 0 0
CENTURYLINK INC COM 156700106 1,007 76,251 SH   SOLE   76,251 0 0
CENOVUS ENERGY INC COM 15135U109 670 65,975 SH   SOLE   65,975 0 0
CARS COM INC COM 14575E105 432 35,381 SH   SOLE   35,381 0 0
NUTRIEN LTD COM 67077M108 332 6,934 SH   SOLE   6,934 0 0
PATTERSON UTI ENERGY INC COM 703481101 320 30,500 SH   SOLE   30,500 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 56,673 250,211 SH   SOLE   250,211 0 0
WEYERHAEUSER CO COM 962166104 685 22,693 SH   SOLE   22,693 0 0
SOLAR CAP LTD COM 83413U100 243 11,763 SH   SOLE   11,763 0 0
COMCAST CORP NEW CL A 20030N101 422 9,395 SH   SOLE   9,395 0 0
MICROSOFT CORP COM 594918104 8,542 54,164 SH   SOLE   54,164 0 0
CANADIAN NAT RES LTD COM 136385101 2,182 67,452 SH   SOLE   67,452 0 0
SCHLUMBERGER LTD COM 806857108 331 8,237 SH   SOLE   8,237 0 0
JEFFERIES FINL GROUP INC COM 47233W109 13,542 633,682 SH   SOLE   633,681 0 0
V F CORP COM 918204108 747 7,500 SH   SOLE   7,500 0 0
SPECTRUM BRANDS HLDGS INC NE COM 84790A105 988 15,375 SH   SOLE   15,375 0 0
ST JOE CO COM 790148100 734 37,001 SH   SOLE   37,001 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 628 43,400 SH   SOLE   43,400 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,377 7 SH   SOLE   7 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,203 140,864 SH   SOLE   140,863 0 0
SOUTHWESTERN ENERGY CO COM 845467109 119 49,100 SH   SOLE   49,100 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 234 3,560 SH   SOLE   3,560 0 0
MACERICH CO COM 554382101 443 16,450 SH   SOLE   16,450 0 0
ISTAR INC COM 45031U101 1,379 95,070 SH   SOLE   95,070 0 0
TEJON RANCH CO COM 879080109 175 10,957 SH   SOLE   10,957 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 361 6,165 SH   SOLE   6,165 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,558 26,954 SH   SOLE   26,954 0 0
DOW INC COM 260557103 690 12,607 SH   SOLE   12,607 0 0
GENERAL AMERN INVS INC COM 368802104 3,575 94,738 SH   SOLE   94,737 0 0
DIAMOND S SHIPPING INC COM Y20676105 324 19,367 SH   SOLE   19,367 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 375 57,413 SH   SOLE   57,413 0 0
GOLUB CAP BDC INC COM 38173M102 533 28,864 SH   SOLE   28,864 0 0
CORTEVA INC COM 22052L104 379 12,807 SH   SOLE   12,807 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 235 2,032 SH   SOLE   2,032 0 0
BORR DRILLING LTD SHS G1466R207 279 30,862 SH   SOLE   30,862 0 0
GRINDROD SHIPPING HOLDINGS L SHS Y28895103 112 17,246 SH   SOLE   17,246 0 0
VALARIS PLC SHS CLASS A G9402V109 112 17,002 SH   SOLE   17,002 0 0
AIR PRODS & CHEMS INC COM 009158106 870 3,703 SH   SOLE   3,703 0 0
NEXTIER OILFIELD SOLUTIONS I COM 65290C105 212 31,575 SH   SOLE   31,575 0 0
PICO HLDGS INC COM NEW 693366205 1,338 120,330 SH   SOLE   120,329 0 0
UNITED SECURITY BANCSHARES C COM 911460103 226 21,049 SH   SOLE   21,049 0 0
OAK VALLEY BANCORP OAKDALE C COM 671807105 278 14,265 SH   SOLE   14,265 0 0
AERCAP HOLDINGS NV SHS N00985106 355 5,782 SH   SOLE   5,782 0 0
SOURCE CAP INC COM 836144105 1,943 50,209 SH   SOLE   50,208 0 0
RPC INC COM 749660106 2,255 430,435 SH   SOLE   430,435 0 0
FREEPORT-MCMORAN INC CL B 35671D857 360 27,463 SH   SOLE   27,463 0 0
SYSCO CORP COM 871829107 853 9,975 SH   SOLE   9,975 0 0
ENTERGY CORP NEW COM 29364G103 733 6,122 SH   SOLE   6,122 0 0
CATHAY GEN BANCORP COM 149150104 361 9,500 SH   SOLE   9,500 0 0
EURONAV NV ANTWERPEN SHS B38564108 333 26,591 SH   SOLE   26,591 0 0
CREDIT ACCEP CORP MICH COM 225310101 953 2,155 SH   SOLE   2,155 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 555 72,810 SH   SOLE   72,810 0 0
ROYCE VALUE TR INC COM 780910105 1,374 93,033 SH   SOLE   93,033 0 0
CONSOLIDATED TOMOKA LD CO COM 210226106 1,635 27,112 SH   SOLE   27,112 0 0
TRINITY PL HLDGS INC COM 89656D101 46 15,350 SH   SOLE   15,350 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 583 34,770 SH   SOLE   34,770 0 0
METLIFE INC COM 59156R108 329 6,462 SH   SOLE   6,462 0 0
NOVARTIS A G SPONSORED ADR 66987V109 692 7,306 SH   SOLE   7,306 0 0
TOTAL S A SPONSORED ADS 89151E109 459 8,301 SH   SOLE   8,301 0 0
CIMAREX ENERGY CO COM 171798101 1,963 37,395 SH   SOLE   37,395 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 29,768 26,685 SH   SOLE   26,685 0 0
MOHAWK INDS INC COM 608190104 2,204 16,160 SH   SOLE   16,160 0 0
ENBRIDGE INC COM 29250N105 311 7,820 SH   SOLE   7,820 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 269 25,284 SH   SOLE   25,284 0 0
TEEKAY CORPORATION COM Y8564W103 138 26,000 SH   SOLE   26,000 0 0
CUSTOMERS BANCORP INC COM 23204G100 281 11,800 SH   SOLE   11,800 0 0
ZOETIS INC CL A 98978V103 331 2,500 SH   SOLE   2,500 0 0
BLACKSTONE GROUP INC COM CL A 09260D107 733 13,100 SH   SOLE   13,100 0 0
HALLADOR ENERGY COMPANY COM 40609P105 44 14,665 SH   SOLE   14,665 0 0
OFG BANCORP COM 67103X102 414 17,550 SH   SOLE   17,550 0 0
AMBAC FINL GROUP INC COM NEW 023139884 455 21,100 SH   SOLE   21,100 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 516 13,875 SH   SOLE   13,875 0 0
GENERAL DYNAMICS CORP COM 369550108 637 3,613 SH   SOLE   3,613 0 0
CISCO SYS INC COM 17275R102 712 14,848 SH   SOLE   14,848 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 681 31,261 SH   SOLE   31,261 0 0
APACHE CORP COM 037411105 266 10,414 SH   SOLE   10,414 0 0
LENNAR CORP CL B 526057302 1,495 33,435 SH   SOLE   33,435 0 0
AT&T INC COM 00206R102 847 21,681 SH   SOLE   21,681 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 126 10,810 SH   SOLE   10,810 0 0
CONTANGO OIL & GAS COMPANY COM NEW 21075N204 238 64,832 SH   SOLE   64,832 0 0
NOBLE CORP PLC SHS USD G65431101 40 32,875 SH   SOLE   32,875 0 0
SCORPIO BULKERS INC COM Y7546A122 343 53,800 SH   SOLE   53,800 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 970 134,949 SH   SOLE   134,949 0 0
WELLS FARGO CO NEW COM 949746101 825 15,336 SH   SOLE   15,336 0 0
UNION PACIFIC CORP COM 907818108 220 1,215 SH   SOLE   1,215 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 632 44,411 SH   SOLE   44,410 0 0
LOCKHEED MARTIN CORP COM 539830109 215 552 SH   SOLE   552 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 1,346 68,976 SH   SOLE   68,976 0 0
JPMORGAN CHASE & CO COM 46625H100 249 1,787 SH   SOLE   1,787 0 0
WESTAMERICA BANCORPORATION COM 957090103 4,150 61,233 SH   SOLE   61,233 0 0
INTL PAPER CO COM 460146103 523 11,350 SH   SOLE   11,350 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 439 7,227 SH   SOLE   7,227 0 0
CHEVRON CORP NEW COM 166764100 1,436 11,916 SH   SOLE   11,916 0 0
CONOCOPHILLIPS COM 20825C104 1,579 24,286 SH   SOLE   24,285 0 0
MARKEL CORP COM 570535104 20,576 17,999 SH   SOLE   17,999 0 0
BANK AMER CORP COM 060505104 428 12,146 SH   SOLE   12,145 0 0
GANNETT CO INC NEW COM 36472T109 130 20,365 SH   SOLE   20,365 0 0
PFIZER INC COM 717081103 367 9,370 SH   SOLE   9,370 0 0
AMERICAN EXPRESS CO COM 025816109 979 7,862 SH   SOLE   7,861 0 0
AMGEN INC COM 031162100 1,314 5,450 SH   SOLE   5,450 0 0
APPLIED MATLS INC COM 038222105 680 11,134 SH   SOLE   11,134 0 0
ALLY FINL INC COM 02005N100 270 8,849 SH   SOLE   8,849 0 0
TCW STRATEGIC INCOME FUND IN COM 872340104 228 39,433 SH   SOLE   39,433 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 400 157,952 SH   SOLE   157,952 0 0
NOW INC COM 67011P100 1,758 156,450 SH   SOLE   156,450 0 0
VANGUARD GROUP DIV APP ETF 921908844 2,007 16,101 SH   SOLE   16,101 0 0
ENSTAR GROUP LIMITED SHS G3075P101 16,918 81,783 SH   SOLE   81,783 0 0
ANTERO RES CORP COM 03674X106 161 56,431 SH   SOLE   56,431 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 669 14,563 SH   SOLE   14,563 0 0
ORION ENGINEERED CARBONS S A COM L72967109 330 17,080 SH   SOLE   17,080 0 0
DAILY JOURNAL CORP COM 233912104 258 889 SH   SOLE   889 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 274 2,196 SH   SOLE   2,196 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 822 6,538 SH   SOLE   6,538 0 0
CALIFORNIA RES CORP COM NEW 13057Q206 654 72,371 SH   SOLE   72,371 0 0
CNA FINL CORP COM 126117100 1,394 31,099 SH   SOLE   31,099 0 0
HELMERICH & PAYNE INC COM 423452101 1,562 34,380 SH   SOLE   34,380 0 0
PNC FINL SVCS GROUP INC COM 693475105 886 5,550 SH   SOLE   5,550 0 0
GRAHAM HLDGS CO COM 384637104 399 625 SH   SOLE   625 0 0
BERKLEY W R CORP COM 084423102 20,223 292,663 SH   SOLE   292,663 0 0
LOEWS CORP COM 540424108 17,582 334,958 SH   SOLE   334,957 0 0
SPROTT FOCUS TR INC COM 85208J109 124 16,837 SH   SOLE   16,837 0 0
EXXON MOBIL CORP COM 30231G102 552 7,904 SH   SOLE   7,904 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 199 10,309 SH   SOLE   10,309 0 0
CABLE ONE INC COM 12685J105 930 625 SH   SOLE   625 0 0
PAYPAL HLDGS INC COM 70450Y103 726 6,713 SH   SOLE   6,713 0 0
THE CHARLES SCHWAB CORPORATI COM 808513105 2,251 47,335 SH   SOLE   47,334 0 0
APPLE INC COM 037833100 2,642 8,998 SH   SOLE   8,997 0 0
ABBOTT LABS COM 002824100 2,443 28,122 SH   SOLE   28,122 0 0
CSW INDUSTRIALS INC COM 126402106 216 2,800 SH   SOLE   2,800 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 316 3,900 SH   SOLE   3,900 0 0
ALLEGHANY CORP DEL COM 017175100 28,974 36,237 SH   SOLE   36,237 0 0
FAIRFAX FINL HLDGS LTD SUB VTG Stock 303901102 14,092 30,002 SH   SOLE   30,002 0 0