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 280 1,600 SH   SOLE   1,600 0 0
ABBOTT LABORATORIES COM 002824100 211 5,355 SH   SOLE   5,355 0 0
ABBVIE INC COM 00287y109 316 5,111 SH   SOLE   5,111 0 0
AFFILIATED MANAGERS GRP COM 008252108 20,451 145,279 SH   SOLE   144,879 400 0
ALPHABET INC CL A COM 02079k305 11,881 16,888 SH   SOLE   16,888 0 0
ALPHABET INC CL C COM 02079k107 17,440 25,199 SH   SOLE   25,159 40 0
AMAZON.COM INC. COM 023135106 9,847 13,760 SH   SOLE   13,720 40 0
AMERICAN EXPRESS CO COM 025816109 22,641 372,627 SH   SOLE   371,327 1,300 0
AMERICAN TOWER CORP COM 03027x100 2,762 24,309 SH   SOLE   24,309 0 0
ANNALY CAP MGMT INC COM 035710409 350 31,650 SH   SOLE   31,650 0 0
APPLE INC COM 037833100 6,395 66,892 SH   SOLE   66,892 0 0
ASSOCIATED CAPITAL GROUP INC COM 045528106 3,362 117,241 SH   SOLE   116,641 600 0
AUTOMATIC DATA PROCESS COM 053015103 239 2,600 SH   SOLE   2,600 0 0
BANK OF AMERICA CORP COM 060505104 188 14,130 SH   SOLE   14,130 0 0
BERKSHIRE HATHAWAY A COM 084670108 8,245 38 SH   SOLE   38 0 0
BERKSHIRE HATHAWAY B COM 084670702 112,996 780,415 SH   SOLE   777,415 3,000 0
BLACKSTONE GROUP COM 09253u108 16,858 686,940 SH   SOLE   686,190 750 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 604 17,006 SH   SOLE   17,006 0 0
BROOKFIELD ASSET MGMT COM 112585104 12,369 374,010 SH   SOLE   374,010 0 0
CARMAX INC COM 143130102 13,323 271,735 SH   SOLE   271,385 350 0
CHEVRON CORPORATION COM 166764100 2,020 19,266 SH   SOLE   19,266 0 0
CHURCHILL DOWNS COM 171484108 4,065 32,167 SH   SOLE   32,167 0 0
COCA COLA COM COM 191216100 21,873 482,531 SH   SOLE   481,531 1,000 0
COLFAX CORP COM 194014106 2,256 85,265 SH   SOLE   85,265 0 0
CONOCOPHILLIPS COM 20825C104 371 8,517 SH   SOLE   8,517 0 0
COSTCO WHSL CORP NEW COM 22160K105 542 3,450 SH   SOLE   3,450 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 471 2,500 SH   SOLE   2,500 0 0
DISNEY WALT CO COM 254687106 3,601 36,812 SH   SOLE   36,812 0 0
DOUGLAS EMMETT INC COM 25960p109 20,279 570,909 SH   SOLE   568,909 2,000 0
DU PONT E I DE NEMOURS COM 263534109 201 3,100 SH   SOLE   3,100 0 0
ENSTAR GROUP LTD COM g3075p101 29,071 179,460 SH   SOLE   179,060 400 0
ESTEE LAUDER COM 518439104 12,931 142,063 SH   SOLE   141,563 500 0
EXXON MOBIL CORP COM COM 30231g102 34,790 371,134 SH   SOLE   368,929 2,205 0
FACEBOOK INC COM 30303m102 252 2,205 SH   SOLE   2,205 0 0
FAIRFAX FINL HLDGS LTD COM 303901102 3,297 6,152 SH   SOLE   6,152 0 0
FARMERS CAP BK CORP COM 309562106 246 9,000 SH   SOLE   9,000 0 0
FIRST BUSEY CORP COM 319383105 253 11,833 SH   SOLE   11,833 0 0
GAMCO INVS INC COM 361438104 15,264 465,794 SH   SOLE   464,694 1,100 0
GAMING & LEISURE PPTYS COM 36467j108 14,628 424,260 SH   SOLE   424,260 0 0
GENERAL ELECTRIC CO COM 369604103 408 12,952 SH   SOLE   12,952 0 0
GOLDMAN SACHS GRP INC COM 38141g104 26,981 181,590 SH   SOLE   181,340 250 0
HON INDUSTRIES COM 404251100 395 8,500 SH   SOLE   8,500 0 0
HOWARD HUGHES CORP COM 44267d107 1,198 10,479 SH   SOLE   10,479 0 0
HUMANA INC COM 444859102 1,349 7,500 SH   SOLE   7,500 0 0
INTUIT COM 461202103 218 1,950 SH   SOLE   1,950 0 0
JOHNSON AND JOHNSON COM 478160104 34,796 286,859 SH   SOLE   286,359 500 0
JPMORGAN CHASE & CO COM 46625h100 13,079 210,472 SH   SOLE   208,020 2,452 0
LAS VEGAS SANDS CORP COM 517834107 3,915 90,025 SH   SOLE   90,025 0 0
LEUCADIA NATL CORP COM 527288104 19,646 1,133,659 SH   SOLE   1,130,659 3,000 0
LIVE NATION ENT INC COM 538034109 2,720 115,725 SH   SOLE   115,725 0 0
MARKEL CORP COM COM 570535104 70,016 73,486 SH   SOLE   73,236 250 0
MCDONALDS CORP COM 580135101 827 6,874 SH   SOLE   6,874 0 0
MERCK & CO INC COM 58933y105 339 5,883 SH   SOLE   5,883 0 0
MICROSOFT CORP COM 594918104 244 4,778 SH   SOLE   4,778 0 0
MONDELEZ INTL INC COM 609207105 328 7,203 SH   SOLE   7,203 0 0
MOODY'S CORP COM 615369105 595 6,350 SH   SOLE   6,350 0 0
NIKE INC CL B COM 654106103 16,225 293,934 SH   SOLE   293,934 0 0
NORTHERN TRUST CORP COM 665859104 202 3,050 SH   SOLE   3,050 0 0
OCCIDENTAL PETE CORP COM 674599105 2,603 34,451 SH   SOLE   34,451 0 0
PAC WEST BANCORP COM 695263103 5,872 147,610 SH   SOLE   147,610 0 0
PEPSICO INC COM 713448108 24,493 231,196 SH   SOLE   230,796 400 0
PFIZER INC COM 717081103 657 18,660 SH   SOLE   18,660 0 0
PHILIP MORRIS INTL INC COM 718172109 654 6,427 SH   SOLE   6,427 0 0
PNC FINL SERVICES GP INC COM 693475105 1,007 12,377 SH   SOLE   11,027 1,350 0
PROCTER & GAMBLE CO COM 742718109 5,418 63,994 SH   SOLE   63,994 0 0
REALOGY HLDGS CORP COM 75605y106 7,759 267,360 SH   SOLE   267,360 0 0
S&P DEPOSITARY RECEIPTS COM 78462F103 236 1,129 SH   SOLE   1,129 0 0
SCHLUMBERGER LTD COM 806857108 27,311 345,354 SH   SOLE   344,754 600 0
SEACOAST BKG CORP FLA COM 811707801 2,894 178,185 SH   SOLE   178,185 0 0
SOUTHERN NATL BANCORP VA COM 843395104 8,812 725,294 SH   SOLE   725,294 0 0
SPECTRA ENERGY CORP COM 847560109 259 7,068 SH   SOLE   7,068 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 6,679 91,530 SH   SOLE   91,330 200 0
TIFFANY & CO NEW COM 886547108 13,199 217,654 SH   SOLE   217,254 400 0
TOTAL SYS SERV INC COM 891906109 256 4,819 SH   SOLE   4,819 0 0
UNITED PARCEL SVC COM 911312106 1,331 12,359 SH   SOLE   12,359 0 0
UNITED TECHNOLOGIES CP COM 913017109 943 9,193 SH   SOLE   9,193 0 0
US BANCORP DEL COM 902973304 701 17,370 SH   SOLE   17,370 0 0
VORNADO REALTY TRUST COM 929042109 23,030 230,028 SH   SOLE   229,278 750 0
WAL-MART STORES INC COM 931142103 602 8,250 SH   SOLE   8,250 0 0
WELLS FARGO & CO COM 949746101 26,060 550,608 SH   SOLE   547,858 2,750 0
WHOLE FOODS MARKET, INC. COM 966837106 19,320 603,361 SH   SOLE   601,561 1,800 0
WINTRUST FINANCIAL CORP COM 97650w108 1,632 32,008 SH   SOLE   32,008 0 0
WYNN RESORTS LTD COM 983134107 23,894 263,615 SH   SOLE   262,915 700 0