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
3M Company COM 88579y101 3,582 30,000 SH   SOLE   30,000 0 0
3M Company COM 88579y101 20,980 175,700 SH   DFND 1 174,000 0 1,700
Accenture COM G1151C101 736 10,000 SH   SOLE   10,000 0 0
Accenture COM G1151C101 7,703 104,600 SH   DFND 1 100,000 0 4,600
Air Products & Chemicals COM 009158106 2,664 25,000 SH   DFND 1 24,000 0 1,000
Alleghany Corporation COM 017175100 1,773 4,328 SH   SOLE   4,328 0 0
Alliance Holdings GP COM 01861G100 9,970 166,500 SH   DFND 1 165,000 0 1,500
Alpha Natural Resources COM 02076x102 1,442 242,000 SH   DFND 1 240,000 0 2,000
Amazon.com COM 023135106 4,658 14,900 SH   DFND 1 14,900 0 0
American Express COM 025816109 755 10,000 SH   SOLE   10,000 0 0
American Express COM 025816109 25,997 344,237 SH   DFND 1 339,000 0 5,237
Anheuser-Busch Inbev ADR COM 03524A108 40,910 412,403 SH   DFND 1 410,000 0 2,403
Apollo Global Management - A COM 037612306 2,834 100,300 SH   DFND 1 100,300 0 0
Appollo Group COM 037604105 2,185 105,000 SH   DFND 1 105,000 0 0
Arch Coal Inc COM 039380100 1,628 396,000 SH   DFND 1 395,000 0 1,000
Archer Daniels COM 039483102 50,979 1,383,800 SH   DFND 1 1,376,000 0 7,800
Automatic Data Processing COM 053015103 38,542 532,500 SH   DFND 1 527,700 0 4,800
Bank of New York Mellon Corp COM 064058100 91 3,019 SH   SOLE   3,019 0 0
Bank of New York Mellon Corp COM 064058100 7,807 258,584 SH   DFND 1 247,907 0 10,677
Berkshire Hathaway Class B COM 084670702 55,064 485,100 SH   SOLE   485,100 0 0
Berkshire Hathaway Class B COM 084670702 118,761 1,046,257 SH   DFND 1 1,026,507 0 19,750
Berkshire Hathaway, Inc. COM 084670108 46,863 275 SH   SOLE   275 0 0
Berkshire Hathaway, Inc. COM 084670108 139,566 819 SH   DFND 1 803 0 16
Blackrock Inc COM 09247X101 9,012 33,300 SH   DFND 1 33,000 0 300
Blackstone Group COM 09253U108 5,809 233,400 SH   DFND 1 230,000 0 3,400
Brookfield Asset Management COM 112585104 16,082 430,000 SH   SOLE   430,000 0 0
Brookfield Asset Management COM 112585104 102,309 2,735,536 SH   DFND 1 2,657,548 0 77,988
Brookfield Property Partners COM G16249107 478 24,682 SH   SOLE   24,682 0 0
Brookfield Property Partners COM G16249107 2,872 148,218 SH   DFND 1 143,757 0 4,461
Brown & Brown COM 115236101 11,737 365,628 SH   DFND 1 365,628 0 0
Brown Forman Class A COM 115637100 28,159 425,490 SH   DFND 1 421,500 0 3,990
Brown-Forman Class B COM 115637209 7,247 106,372 SH   DFND 1 105,375 0 997
Calumet COM 131476103 273 10,000 SH   SOLE   10,000 0 0
Calumet COM 131476103 737 27,000 SH   DFND 1 25,000 0 2,000
Capital One COM 14040H105 12,882 187,400 SH   DFND 1 178,000 0 9,400
Carbo Ceramics Inc COM 140781105 1,784 18,000 SH   SOLE   18,000 0 0
Carbo Ceramics Inc COM 140781105 21,606 218,000 SH   DFND 1 218,000 0 0
Carlyle Group COM 14309L102 3,472 135,000 SH   DFND 1 135,000 0 0
Carmax COM 143130102 11,390 235,000 SH   SOLE   235,000 0 0
Carmax COM 143130102 232,633 4,799,519 SH   DFND 1 4,728,070 0 71,449
Caterpillar Inc COM 149123101 20,199 242,200 SH   DFND 1 241,000 0 1,200
Charles Schwab COM 808513105 21,219 1,003,719 SH   DFND 1 985,000 0 18,719
Chevron COM 166764100 9,234 76,000 SH   DFND 1 75,000 0 1,000
Coca Cola Co COM 191216100 5,034 132,900 SH   DFND 1 130,000 0 2,900
Colfax Corporation COM 194014106 61,296 1,085,070 SH   SOLE   1,085,070 0 0
Consol Energy COM 20854p109 1,009 30,000 SH   DFND 1 30,000 0 0
Copart Inc COM 217204106 318 10,000 SH   DFND 1 10,000 0 0
Core Labs NV COM N22717107 1,692 10,000 SH   DFND 1 10,000 0 0
Costco COM 22160K105 576 5,000 SH   SOLE   5,000 0 0
Costco COM 22160K105 3,996 34,700 SH   DFND 1 34,000 0 700
Diageo PLC COM 25243Q205 41,746 328,500 SH   SOLE   328,500 0 0
Diageo PLC COM 25243Q205 112,342 884,025 SH   DFND 1 861,500 0 22,525
Disney COM 254687106 12,898 200,000 SH   SOLE   200,000 0 0
Disney COM 254687106 84,594 1,311,735 SH   DFND 1 1,284,500 0 27,235
ENI Spa ADR COM 26874R108 6,352 138,000 SH   DFND 1 138,000 0 0
Ecolab COM 278865100 4,780 48,400 SH   DFND 1 48,000 0 400
Emerson Electric COM 291011104 10,553 163,100 SH   DFND 1 158,000 0 5,100
Enterprise Products Lmtd Ptnsh COM 293792107 385 6,300 SH   DFND 1 0 0 6,300
Expeditors Int'l Wash Inc COM 302130109 5,860 133,000 SH   DFND 1 133,000 0 0
Exxon Corporation COM 30231G102 17,191 199,800 SH   SOLE   199,800 0 0
Exxon Corporation COM 30231G102 56,544 657,185 SH   DFND 1 642,000 0 15,185
Factset Research COM 303075105 4,037 37,000 SH   DFND 1 37,000 0 0
Fairfax Financial Holdings Ltd COM 303901102 80,329 197,104 SH   SOLE   197,104 0 0
Fairfax Financial Holdings Ltd COM 303901102 33,564 82,355 SH   DFND 1 82,355 0 0
Federated Investors COM 314211103 272 10,000 SH   SOLE   10,000 0 0
Federated Investors COM 314211103 58,285 2,146,000 SH   DFND 1 2,124,000 0 22,000
General Dynamics COM 369550108 34,952 399,361 SH   DFND 1 387,000 0 12,361
General Electric COM 369604103 58,613 2,453,441 SH   DFND 1 2,417,000 0 36,441
Google COM 38259P508 10,423 11,900 SH   DFND 1 11,900 0 0
Hasbro, Inc COM 418056107 8,994 190,800 SH   DFND 1 188,000 0 2,800
Heritage Crystal Clean Inc COM 42726M106 4,670 259,500 SH   DFND 1 259,500 0 0
Home Depot COM 437076102 1,517 20,000 SH   SOLE   20,000 0 0
Home Depot COM 437076102 69,710 919,050 SH   DFND 1 900,000 0 19,050
Illinois Tool Works COM 452308109 18,519 242,810 SH   DFND 1 230,000 0 12,810
Intel COM 458140100 1,375 60,000 SH   SOLE   60,000 0 0
Intel COM 458140100 18,323 799,400 SH   DFND 1 785,000 0 14,400
International Business Machine COM 459200101 1,852 10,000 SH   SOLE   10,000 0 0
International Business Machine COM 459200101 1,870 10,100 SH   DFND 1 10,000 0 100
International Game Technology COM 459902102 4,732 250,000 SH   SOLE   250,000 0 0
International Game Technology COM 459902102 17,665 933,166 SH   DFND 1 915,000 0 18,166
Investors Title Company COM 461804106 16,248 216,350 SH   DFND 1 213,300 0 3,050
Johnson and Johnson COM 478160104 4,768 55,000 SH   SOLE   55,000 0 0
Johnson and Johnson COM 478160104 45,582 525,800 SH   DFND 1 519,200 0 6,600
KKR & Co LLC COM 48248M102 4,939 240,000 SH   DFND 1 240,000 0 0
Leucadia National Corp COM 527288104 10,635 390,433 SH   DFND 1 375,000 0 15,433
Liberty Media COM 531229102 16,186 110,000 SH   DFND 1 110,000 0 0
Loews Corporation COM 540424108 11,250 240,700 SH   DFND 1 235,000 0 5,700
Lowes COM 548661107 4,523 95,000 SH   SOLE   95,000 0 0
Lowes COM 548661107 22,172 465,700 SH   DFND 1 445,000 0 20,700
Marriott International COM 571903202 7,653 181,965 SH   SOLE   181,965 0 0
Marriott International COM 571903202 48,726 1,158,478 SH   DFND 1 1,109,904 0 48,574
Mastercard, Inc COM 57636Q104 5,382 8,000 SH   DFND 1 8,000 0 0
Mattel COM 577081102 5,968 142,500 SH   DFND 1 140,000 0 2,500
McDonalds COM 580135101 17,810 185,113 SH   DFND 1 181,000 0 4,113
Microsoft Corp COM 594918104 26,701 802,300 SH   DFND 1 795,000 0 7,300
Monsanto Co COM 61166W101 3,726 35,700 SH   DFND 1 33,000 0 2,700
Moody's Corp COM 615369105 10,929 155,400 SH   DFND 1 155,000 0 400
Mosaic Company COM 61945c103 6,453 150,000 SH   DFND 1 150,000 0 0
National Oilwell COM 637071101 16,481 211,000 SH   DFND 1 211,000 0 0
Natural Resource Partners COM 63900P103 1,941 101,900 SH   DFND 1 100,000 0 1,900
Nike COM 654106103 8,746 120,400 SH   DFND 1 120,000 0 400
Norfolk Southern COM 655844108 7,302 94,400 SH   DFND 1 92,000 0 2,400
Northern Trust Corp COM 665859104 7,613 140,000 SH   DFND 1 140,000 0 0
Novo-Nordisk A/S COM 670100205 37,516 221,700 SH   DFND 1 215,000 0 6,700
Oneok,Inc COM 682680103 5,865 110,000 SH   DFND 1 110,000 0 0
Oracle Corp COM 68389x105 21,332 643,100 SH   DFND 1 632,000 0 11,100
Patterson Companies Inc. COM 703395103 5,843 145,400 SH   DFND 1 145,000 0 400
Paychex COM 704326107 6,133 150,900 SH   DFND 1 150,000 0 900
Peabody Energy COM 704549104 4,485 260,000 SH   DFND 1 260,000 0 0
Pepsico COM 713448108 10,359 130,300 SH   DFND 1 129,300 0 1,000
Philip Morris International COM 718172109 9,915 114,500 SH   DFND 1 114,500 0 0
Potash Corp COM 73755L107 2,190 70,000 SH   DFND 1 70,000 0 0
Procter & Gamble COM 742718109 2,578 34,100 SH   DFND 1 33,000 0 1,100
RLI Corporation COM 749607107 52,562 601,260 SH   DFND 1 598,636 0 2,624
Ross Stores, Inc COM 778296103 1,674 23,000 SH   DFND 1 23,000 0 0
SEI Investments Co COM 784117103 4,018 130,000 SH   DFND 1 130,000 0 0
Schlumberger COM 806857108 13,607 154,000 SH   DFND 1 154,000 0 0
Starz Liberty Capital COM 85571Q102 338 12,000 SH   DFND 1 12,000 0 0
Synalloy Corporation COM 871565107 7,950 485,343 SH   SOLE   485,343 0 0
Synalloy Corporation COM 871565107 4,914 300,000 SH   DFND 1 300,000 0 0
Sysco Corp COM 871829107 417 13,086 SH   DFND 1 0 0 13,086
T.Rowe Price COM 74144T108 791 11,000 SH   SOLE   11,000 0 0
T.Rowe Price COM 74144T108 17,227 239,500 SH   DFND 1 239,000 0 500
Teva Pharmaceuticals COM 881624209 26,446 700,000 SH   DFND 1 694,000 0 6,000
United Health Group Inc COM 91324P102 41,269 576,300 SH   DFND 1 566,000 0 10,300
United Parcel Service COM 911312106 6,352 69,520 SH   SOLE   69,520 0 0
United Parcel Service COM 911312106 61,084 668,539 SH   DFND 1 645,980 0 22,559
United Technologies COM 913017109 5,779 53,600 SH   DFND 1 53,000 0 600
Visa COM 92826C839 23,429 122,600 SH   DFND 1 122,500 0 100
W.P. Carey COM 92936U109 2,911 45,000 SH   SOLE   45,000 0 0
W.P. Carey COM 92936U109 58,773 908,400 SH   DFND 1 905,200 0 3,200
Wal-Mart Stores COM 931142103 82,427 1,114,474 SH   DFND 1 1,080,000 0 34,474
Walgreen COM 931422109 115,627 2,149,200 SH   DFND 1 2,120,000 0 29,200
Washington Post Co COM 939640108 3,240 5,300 SH   DFND 1 5,200 0 100
Wellpoint Inc COM 94973V107 6,522 78,000 SH   DFND 1 78,000 0 0