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
3 M COM 88579Y101 224 2,050 SH   SOLE   2,050 0 0
ABBVIE INC COM 00287y109 246 5,951 SH   SOLE   5,951 0 0
AFFILIATED MANAGERS GRP COM 008252108 28,399 173,226 SH   SOLE   172,776 450 0
AMERICAN EXPRESS CO COM 025816109 25,688 343,601 SH   SOLE   342,301 1,300 0
ANNALY CAP MGMT INC COM 035710409 13,876 1,103,875 SH   SOLE   1,103,875 0 0
APACHE CORP COM 037411105 713 8,500 SH   SOLE   8,500 0 0
APPLE INC COM 037833100 4,002 10,092 SH   SOLE   10,092 0 0
APPLE INC CALL 037833900 198 500 SH   SOLE   500 0 0
BANK OF AMERICA CORP COM 060505104 225 17,500 SH   SOLE   17,500 0 0
BB&T CORPORATION COM 054937107 252 7,450 SH   SOLE   7,450 0 0
BERKSHIRE HATHAWAY A COM 084670108 8,093 48 SH   SOLE   48 0 0
BERKSHIRE HATHAWAY B COM 084670702 89,865 802,936 SH   SOLE   799,636 3,300 0
BIGLARI HOLDINGS INC COM 08986r101 4,378 10,668 SH   SOLE   10,668 0 0
BLACKSTONE GROUP COM 09253u908 1,148 54,500 SH   SOLE   54,500 0 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 909 21,777 SH   SOLE   21,777 0 0
BROOKFIELD ASSET MGMT COM 112585104 9,156 254,184 SH   SOLE   254,184 0 0
CBS CORPORATION CL B NEW COM 124857202 269 5,500 SH   SOLE   5,500 0 0
CHEVRON CORPORATION COM 166764100 2,837 23,973 SH   SOLE   23,973 0 0
CITY NATIONAL CORP COM 178566105 25,847 407,880 SH   SOLE   407,380 500 0
COCA COLA COM COM 191216100 23,193 578,247 SH   SOLE   577,247 1,000 0
CONOCOPHILLIPS COM 20825C104 696 11,503 SH   SOLE   11,503 0 0
COSTCO WHSL CORP NEW COM 22160K105 360 3,260 SH   SOLE   3,260 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 240 2,800 SH   SOLE   2,800 0 0
DIAMONDS TRUST SERIES 1 PUT 78467x959 594 4,000 SH   SOLE   4,000 0 0
DIAMONDS TRUST SERIES 1 PUT 78467x959 223 1,500 SH   SOLE   1,500 0 0
DIAMONDS TRUST SERIES 1 PUT 78467x959 297 2,000 SH   SOLE   2,000 0 0
DIAMONDS TRUST SERIES 1 PUT 78467x959 446 3,000 SH   SOLE   3,000 0 0
DISNEY WALT CO COM 254687106 2,354 37,277 SH   SOLE   37,277 0 0
DOUGLAS EMMETT INC COM 25960p109 16,718 670,062 SH   SOLE   668,062 2,000 0
DU PONT E I DE NEMOURS COM 263534109 264 5,028 SH   SOLE   5,028 0 0
ENSTAR GROUP LTD COM g3075p101 26,190 196,948 SH   SOLE   196,648 300 0
ESTEE LAUDER COM 518439104 10,256 155,943 SH   SOLE   155,443 500 0
EXPEDITORS INTL WASH COM 302130109 998 26,225 SH   SOLE   26,225 0 0
EXXON MOBIL CORP COM COM 30231g102 33,617 372,074 SH   SOLE   371,074 1,000 0
FAIRFAX FINL HLDGS LTD COM 303901102 2,540 6,478 SH   SOLE   6,478 0 0
FARMERS CAP BK CORP COM 309562106 531 24,500 SH   SOLE   24,500 0 0
FIRST BUSEY CORP COM 319383105 558 124,065 SH   SOLE   124,065 0 0
GAMCO INVS INC COM 361438104 24,342 439,305 SH   SOLE   438,055 1,250 0
GOLDMAN SACHS GRP INC COM 38141g104 21,110 139,568 SH   SOLE   139,318 250 0
GOOGLE INC CL A COM 38259p508 16,192 18,392 SH   SOLE   18,392 0 0
HOWARD HUGHES CORP COM 44267d107 2,167 19,333 SH   SOLE   19,333 0 0
HUMANA INC COM 444859102 610 7,232 SH   SOLE   7,232 0 0
INTERNATIONAL BUS MACH COM 459200101 419 2,190 SH   SOLE   2,190 0 0
JOHNSON AND JOHNSON COM 478160104 23,196 270,162 SH   SOLE   269,662 500 0
JPMORGAN CHASE & CO COM 46625h100 18,360 347,789 SH   SOLE   345,337 2,452 0
KRAFT FOODS GROUP INC COM 50076q106 246 4,405 SH   SOLE   4,405 0 0
LAS VEGAS SANDS CORP COM 517834107 925 17,470 SH   SOLE   17,470 0 0
LEUCADIA NATL CORP COM 527288104 25,805 984,156 SH   SOLE   982,156 2,000 0
MARKEL CORP COM COM 570535104 42,929 81,467 SH   SOLE   81,217 250 0
MCDONALDS CORP COM 580135101 1,954 19,740 SH   SOLE   19,740 0 0
MERCK & CO INC COM 58933y105 287 6,175 SH   SOLE   6,175 0 0
NIKE INC CL B COM 654106103 13,503 212,037 SH   SOLE   212,037 0 0
NORTHERN TRUST CORP COM 665859104 1,191 20,575 SH   SOLE   20,575 0 0
OCCIDENTAL PETE CORP COM 674599105 2,383 26,701 SH   SOLE   26,701 0 0
PENN NATL GAMING CORP COM 707569109 16,814 317,733 SH   SOLE   316,983 750 0
PEPSICO INC COM 713448108 22,638 276,780 SH   SOLE   276,380 400 0
PFIZER INC COM 717081103 526 18,789 SH   SOLE   18,789 0 0
PHILIP MORRIS INTERNATIONAL IN COM 718172109 710 8,193 SH   SOLE   8,193 0 0
PNC FINL SERVICES GP INC COM 693475105 3,501 48,016 SH   SOLE   46,216 1,800 0
PROCTER & GAMBLE CO COM 742718109 16,534 214,751 SH   SOLE   213,751 1,000 0
ROYAL DUTCH SHELL A ADRF SPONS COM 780259206 278 4,360 SH   SOLE   4,360 0 0
S&P DEPOSITARY RECEIPTS PUT 78462F953 401 2,500 SH   SOLE   2,500 0 0
SCHLUMBERGER LTD COM 806857108 3,915 54,637 SH   SOLE   54,637 0 0
SCHWAB CHARLES CORP NEW COM 808513105 330 15,550 SH   SOLE   15,550 0 0
SEACOAST BKG CORP FLA COM 811707306 4,694 2,133,581 SH   SOLE   2,133,581 0 0
SOUTHERN NATL BANCORP VA COM 843395104 2,073 211,936 SH   SOLE   211,936 0 0
SPECTRA ENERGY CORP COM 847560109 281 8,163 SH   SOLE   8,163 0 0
SYNOVUS FINANCIAL COM 87161c105 57 19,625 SH   SOLE   19,625 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 2,068 28,250 SH   SOLE   28,250 0 0
TIFFANY & CO NEW COM 886547108 15,030 206,340 SH   SOLE   205,940 400 0
ULTRA PETROLEUM CORP COM 903914109 2,724 137,450 SH   SOLE   137,450 0 0
UNITED PARCEL SVC COM 911312106 1,360 15,726 SH   SOLE   15,726 0 0
UNITED TECHNOLOGIES CP COM 913017109 834 8,972 SH   SOLE   8,972 0 0
US BANCORP DEL COM 902973304 1,222 33,813 SH   SOLE   33,813 0 0
VIACOM INC CL B NEW COM 925524308 231 3,395 SH   SOLE   3,395 0 0
VORNADO REALTY TRUST COM 929042109 19,915 240,377 SH   SOLE   239,627 750 0
WAL-MART STORES INC COM 931142103 26,947 361,750 SH   SOLE   360,650 1,100 0
WELLS FARGO & CO COM 949746101 23,861 578,171 SH   SOLE   575,421 2,750 0
WESTERN UNION CO COM 959802109 436 25,500 SH   SOLE   25,500 0 0
WINTRUST FINANCIAL CORP COM 97650W108 2,340 61,135 SH   SOLE   61,135 0 0
WYNN RESORTS LTD COM 983134107 20,234 158,114 SH   SOLE   157,714 400 0