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 297 2,200 SH   SOLE 0 0 2,200
ADTALEM GLOBAL ED INC COM 00737L103 2,507 69,925 SH   SOLE 0 0 69,925
ALLEGHANY CORP DEL COM 017175100 2,889 5,215 SH   SOLE 0 0 5,215
ALPHABET INC CAP STK CL C 02079K107 6,307 6,576 SH   SOLE 0 0 6,576
ALPHABET INC CAP STK CL A 02079K305 467 480 SH   SOLE 0 0 480
AMERICAN EXPRESS CO COM 025816109 758 8,374 SH   SOLE 0 0 8,374
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 1,939 16,250 SH   SOLE 0 0 16,250
APPLE INC COM 037833100 7,882 51,145 SH   SOLE 0 0 51,145
ARTISAN PARTNERS ASSET MGMT CL A 04316A108 639 19,600 SH   SOLE 0 0 19,600
BERKSHIRE HATHAWAY INC DEL CL A 084670108 6,044 22 SH   SOLE 0 0 22
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 18,767 102,372 SH   SOLE 0 0 102,372
BLACKSTONE MTG TR INC COM CL A 09257W100 200 6,450 SH   SOLE 0 0 6,450
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 2,338 56,600 SH   SOLE 0 0 56,600
CANADIAN NATL RY CO COM 136375102 990 11,950 SH   SOLE 0 0 11,950
CARMAX INC COM 143130102 379 5,000 SH   SOLE 0 0 5,000
CASEYS GEN STORES INC COM 147528103 1,777 16,240 SH   SOLE 0 0 16,240
CEDAR FAIR L P DEPOSITRY UNIT 150185106 398 6,200 SH   SOLE 0 0 6,200
COSTCO WHSL CORP NEW COM 22160K105 1,936 11,785 SH   SOLE 0 0 11,785
FACEBOOK INC CL A 30303M102 321 1,880 SH   SOLE 0 0 1,880
GABELLI EQUITY TR INC COM 362397101 1,564 240,542 SH   SOLE 0 0 240,542
HOWARD HUGHES CORP COM 44267D107 4,219 35,775 SH   SOLE 0 0 35,775
ISHARES TR CORE S&P500 ETF 464287200 1,470 5,810 SH   SOLE 0 0 5,810
ISHARES TR RUS MID CAP ETF 464287499 382 1,940 SH   SOLE 0 0 1,940
JOHNSON & JOHNSON COM 478160104 3,976 30,581 SH   SOLE 0 0 30,581
KRAFT HEINZ CO COM 500754106 360 4,640 SH   SOLE 0 0 4,640
LEUCADIA NATL CORP COM 527288104 926 36,655 SH   SOLE 0 0 36,655
LIBERTY GLOBAL PLC LILAC SHS CL C G5480U153 1,403 60,200 SH   SOLE 0 0 60,200
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM 531229409 6,091 145,370 SH   SOLE 0 0 145,370
LIBERTY MEDIA CORP DELAWARE COM SER A FRMLA 531229870 4,233 116,000 SH   SOLE 0 0 116,000
LIONS GATE ENTMNT CORP CL B NON VTG 535919500 1,272 40,000 SH   SOLE 0 0 40,000
MASTERCARD INCORPORATED CL A 57636Q104 1,440 10,200 SH   SOLE 0 0 10,200
MONDELEZ INTL INC CL A 609207105 1,663 40,893 SH   SOLE 0 0 40,893
NEXEO SOLUTIONS INC COM SHS 65342H102 420 57,500 SH   SOLE 0 0 57,500
PANHANDLE OIL AND GAS INC CL A 698477106 505 21,200 SH   SOLE 0 0 21,200
PEPSICO INC COM 713448108 568 5,100 SH   SOLE 0 0 5,100
PLATFORM SPECIALTY PRODS COR COM 72766Q105 486 43,600 SH   SOLE 0 0 43,600
PRICESMART INC COM 741511109 1,725 19,330 SH   SOLE 0 0 19,330
RESTAURANT BRANDS INTL INC COM 76131D103 3,668 57,417 SH   SOLE 0 0 57,417
ROYCE MICRO-CAP TR INC COM 780915104 762 81,236 SH   SOLE 0 0 81,236
SOURCE CAP INC COM 836144105 3,988 99,156 SH   SOLE 0 0 99,156
STORE CAP CORP COM 862121100 535 21,500 SH   SOLE 0 0 21,500
TEXAS PAC LD TR SUB CTF PROP I T 882610108 3,950 9,775 SH   SOLE 0 0 9,775
UMH PPTYS INC COM 903002103 770 49,500 SH   SOLE 0 0 49,500
UNILEVER PLC SPON ADR NEW 904767704 348 6,000 SH   SOLE 0 0 6,000
UNION PAC CORP COM 907818108 3,263 28,139 SH   SOLE 0 0 28,139
UNITED PARCEL SERVICE INC CL B 911312106 2,108 17,550 SH   SOLE 0 0 17,550
VERISK ANALYTICS INC COM 92345Y106 603 7,250 SH   SOLE 0 0 7,250
WELLS FARGO CO NEW COM 949746101 4,681 84,875 SH   SOLE 0 0 84,875
WELLS FARGO CO NEW *W EXP 10/28/201 949746119 780 36,200 SH   SOLE 0 0 36,200
WENDYS CO COM 95058W100 581 37,400 SH   SOLE 0 0 37,400
WHITE MTNS INS GROUP LTD COM G9618E107 3,395 3,962 SH   SOLE 0 0 3,962
WYNDHAM WORLDWIDE CORP COM 98310W108 3,241 30,750 SH   SOLE 0 0 30,750