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 267 1,600 SH   SOLE   1,600 0 0
ABBOTT LABORATORIES COM 002824100 220 5,255 SH   SOLE   5,255 0 0
ABBVIE INC COM 00287y109 286 5,011 SH   SOLE   5,011 0 0
AFFILIATED MANAGERS GRP COM 008252108 23,299 143,469 SH   SOLE   143,069 400 0
ALPHABET INC CL A COM 02079k305 12,968 16,998 SH   SOLE   16,998 0 0
ALPHABET INC CL C COM 02079k107 18,865 25,324 SH   SOLE   25,284 40 0
AMAZON.COM INC. COM 023135106 8,145 13,720 SH   SOLE   13,680 40 0
AMERICAN EXPRESS CO COM 025816109 23,390 380,952 SH   SOLE   379,652 1,300 0
AMERICAN TOWER CORP COM 03027x100 2,489 24,309 SH   SOLE   24,309 0 0
ANNALY CAP MGMT INC COM 035710409 350 34,150 SH   SOLE   34,150 0 0
APPLE INC COM 037833100 7,356 67,491 SH   SOLE   67,491 0 0
ASSOCIATED CAPITAL GROUP INC COM 045528106 10,394 370,963 SH   SOLE   369,863 1,100 0
AUTOMATIC DATA PROCESS COM 053015103 263 2,934 SH   SOLE   2,934 0 0
BANK OF AMERICA CORP COM 060505104 218 16,130 SH   SOLE   16,130 0 0
BED BATH & BEYOND COM 075896100 359 7,225 SH   SOLE   7,225 0 0
BERKSHIRE HATHAWAY A COM 084670108 8,111 38 SH   SOLE   38 0 0
BERKSHIRE HATHAWAY B COM 084670702 110,901 781,655 SH   SOLE   778,655 3,000 0
BLACKSTONE GROUP COM 09253u108 15,590 555,776 SH   SOLE   555,026 750 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 552 18,281 SH   SOLE   18,281 0 0
BROOKFIELD ASSET MGMT COM 112585104 13,104 376,660 SH   SOLE   376,660 0 0
CARMAX INC COM 143130102 13,077 255,910 SH   SOLE   255,560 350 0
CHEVRON CORPORATION COM 166764100 1,986 20,821 SH   SOLE   20,821 0 0
CHURCHILL DOWNS COM 171484108 4,757 32,167 SH   SOLE   32,167 0 0
COCA COLA COM COM 191216100 23,111 498,196 SH   SOLE   497,196 1,000 0
COLFAX CORP COM 194014106 2,932 102,540 SH   SOLE   102,540 0 0
CONOCOPHILLIPS COM 20825C104 359 8,917 SH   SOLE   8,917 0 0
COSTCO WHSL CORP NEW COM 22160K105 544 3,450 SH   SOLE   3,450 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 443 2,500 SH   SOLE   2,500 0 0
DISNEY WALT CO COM 254687106 3,432 34,562 SH   SOLE   34,562 0 0
DOUGLAS EMMETT INC COM 25960p109 17,761 589,866 SH   SOLE   587,866 2,000 0
ENSTAR GROUP LTD COM g3075p101 29,774 183,134 SH   SOLE   182,734 400 0
ESTEE LAUDER COM 518439104 13,459 142,713 SH   SOLE   142,213 500 0
EXXON MOBIL CORP COM COM 30231g102 32,446 388,156 SH   SOLE   385,951 2,205 0
FACEBOOK INC COM 30303m102 252 2,205 SH   SOLE   2,205 0 0
FAIRFAX FINL HLDGS LTD COM 303901102 3,481 6,192 SH   SOLE   6,192 0 0
FARMERS CAP BK CORP COM 309562106 238 9,000 SH   SOLE   9,000 0 0
FIRST BUSEY CORP COM 319383105 222 10,833 SH   SOLE   10,833 0 0
GAMCO INVS INC COM 361438104 17,347 468,074 SH   SOLE   466,974 1,100 0
GAMING & LEISURE PPTYS COM 36467j108 13,066 422,570 SH   SOLE   422,570 0 0
GENERAL ELECTRIC CO COM 369604103 421 13,244 SH   SOLE   13,244 0 0
GOLDMAN SACHS GRP INC COM 38141g104 25,735 163,936 SH   SOLE   163,686 250 0
HON INDUSTRIES COM 404251100 333 8,500 SH   SOLE   8,500 0 0
HOWARD HUGHES CORP COM 44267d107 1,110 10,479 SH   SOLE   10,479 0 0
HUMANA INC COM 444859102 1,482 8,100 SH   SOLE   8,100 0 0
INTERNATIONAL BUS MACH COM 459200101 363 2,400 SH   SOLE   2,400 0 0
INTUIT COM 461202103 216 2,075 SH   SOLE   2,075 0 0
JOHNSON AND JOHNSON COM 478160104 31,315 289,420 SH   SOLE   288,920 500 0
JPMORGAN CHASE & CO COM 46625h100 12,744 215,196 SH   SOLE   212,744 2,452 0
LAS VEGAS SANDS CORP COM 517834107 4,844 93,725 SH   SOLE   93,725 0 0
LEUCADIA NATL CORP COM 527288104 21,214 1,311,939 SH   SOLE   1,308,939 3,000 0
LIVE NATION ENT INC COM 538034109 2,285 102,400 SH   SOLE   102,400 0 0
LIVE OAK BANCSHARES INC COM 53803x105 150 10,000 SH   SOLE   10,000 0 0
MARKEL CORP COM COM 570535104 66,724 74,839 SH   SOLE   74,589 250 0
MCDONALDS CORP COM 580135101 805 6,404 SH   SOLE   6,404 0 0
MERCK & CO INC COM 58933y105 311 5,883 SH   SOLE   5,883 0 0
MICROSOFT CORP COM 594918104 261 4,723 SH   SOLE   4,723 0 0
MONDELEZ INTL INC COM 609207105 289 7,203 SH   SOLE   7,203 0 0
MOODY'S CORP COM 615369105 613 6,350 SH   SOLE   6,350 0 0
NIKE INC CL B COM 654106103 18,123 294,834 SH   SOLE   294,834 0 0
OCCIDENTAL PETE CORP COM 674599105 2,460 35,951 SH   SOLE   35,951 0 0
PAC WEST BANCORP COM 695263103 5,547 149,310 SH   SOLE   149,310 0 0
PEPSICO INC COM 713448108 24,016 234,346 SH   SOLE   233,946 400 0
PFIZER INC COM 717081103 553 18,660 SH   SOLE   18,660 0 0
PHILIP MORRIS INTL INC COM 718172109 665 6,779 SH   SOLE   6,779 0 0
PNC FINL SERVICES GP INC COM 693475105 1,139 13,471 SH   SOLE   12,121 1,350 0
PROCTER & GAMBLE CO COM 742718109 5,823 70,742 SH   SOLE   70,742 0 0
REALOGY HLDGS CORP COM 75605y106 9,280 256,985 SH   SOLE   256,985 0 0
SCHLUMBERGER LTD COM 806857108 25,880 350,909 SH   SOLE   350,309 600 0
SEACOAST BKG CORP FLA COM 811707801 2,405 152,285 SH   SOLE   152,285 0 0
SOUTHERN NATL BANCORP VA COM 843395104 6,881 577,252 SH   SOLE   577,252 0 0
SPECTRA ENERGY CORP COM 847560109 216 7,068 SH   SOLE   7,068 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 6,737 91,705 SH   SOLE   91,505 200 0
TIFFANY & CO NEW COM 886547108 15,347 209,149 SH   SOLE   208,749 400 0
TOTAL SYS SERV INC COM 891906109 229 4,819 SH   SOLE   4,819 0 0
UNITED PARCEL SVC COM 911312106 1,305 12,369 SH   SOLE   12,369 0 0
UNITED TECHNOLOGIES CP COM 913017109 942 9,408 SH   SOLE   9,408 0 0
US BANCORP DEL COM 902973304 705 17,370 SH   SOLE   17,370 0 0
VORNADO REALTY TRUST COM 929042109 21,799 230,843 SH   SOLE   230,093 750 0
WAL-MART STORES INC COM 931142103 841 12,275 SH   SOLE   12,275 0 0
WELLS FARGO & CO COM 949746101 24,808 512,976 SH   SOLE   510,226 2,750 0
WESTERN UNION CO COM 959802109 193 10,000 SH   SOLE   10,000 0 0
WHOLE FOODS MARKET, INC. COM 966837106 19,135 615,073 SH   SOLE   613,273 1,800 0
WINTRUST FINANCIAL CORP COM 97650w108 1,429 32,238 SH   SOLE   32,238 0 0
WYNN RESORTS LTD COM 983134107 25,119 268,858 SH   SOLE   268,158 700 0