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 241 1,600 SH   SOLE   1,600 0 0
ABBOTT LABORATORIES COM 002824100 236 5,255 SH   SOLE   5,255 0 0
ABBVIE INC COM 00287y109 297 5,011 SH   SOLE   5,011 0 0
AFFILIATED MANAGERS GRP COM 008252108 19,898 124,547 SH   SOLE   124,147 400 0
ALPHABET INC CL A COM 02079k305 13,383 17,202 SH   SOLE   17,202 0 0
ALPHABET INC CL C COM 02079k107 19,300 25,432 SH   SOLE   25,392 40 0
AMAZON.COM INC. COM 023135106 201 297 SH   SOLE   297 0 0
AMERICAN EXPRESS CO COM 025816109 26,882 386,513 SH   SOLE   385,213 1,300 0
AMERICAN TOWER CORP COM 03027x100 2,092 21,579 SH   SOLE   21,579 0 0
ANNALY CAP MGMT INC COM 035710409 2,699 287,700 SH   SOLE   287,700 0 0
APACHE CORP COM 037411105 362 8,130 SH   SOLE   8,130 0 0
APPLE INC COM 037833100 6,460 61,371 SH   SOLE   61,371 0 0
ASSOCIATED CAPITAL GROUP INC COM 045528106 13,931 456,739 SH   SOLE   455,639 1,100 0
AUTOMATIC DATA PROCESS COM 053015103 282 3,334 SH   SOLE   3,334 0 0
BANK OF AMERICA CORP COM 060505104 189 11,241 SH   SOLE   11,241 0 0
BED BATH & BEYOND COM 075896100 423 8,765 SH   SOLE   8,765 0 0
BERKSHIRE HATHAWAY A COM 084670108 7,714 39 SH   SOLE   39 0 0
BERKSHIRE HATHAWAY B COM 084670702 102,738 778,086 SH   SOLE   775,086 3,000 0
BLACKSTONE GROUP COM 09253u108 14,401 492,517 SH   SOLE   491,767 750 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 598 19,141 SH   SOLE   19,141 0 0
BROOKFIELD ASSET MGMT COM 112585104 10,942 347,035 SH   SOLE   347,035 0 0
CARMAX INC COM 143130102 3,917 72,575 SH   SOLE   72,575 0 0
CHEVRON CORPORATION COM 166764100 1,873 20,818 SH   SOLE   20,818 0 0
CHURCHILL DOWNS COM 171484108 4,551 32,167 SH   SOLE   32,167 0 0
COCA COLA COM COM 191216100 23,888 556,051 SH   SOLE   555,051 1,000 0
COLFAX CORP COM 194014106 3,074 131,640 SH   SOLE   131,640 0 0
CONOCOPHILLIPS COM 20825C104 486 10,417 SH   SOLE   10,417 0 0
COSTCO WHSL CORP NEW COM 22160K105 557 3,450 SH   SOLE   3,450 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 472 2,500 SH   SOLE   2,500 0 0
DISNEY WALT CO COM 254687106 3,647 34,711 SH   SOLE   34,711 0 0
DOUGLAS EMMETT INC COM 25960p109 19,042 610,703 SH   SOLE   608,703 2,000 0
DU PONT E I DE NEMOURS COM 263534109 218 3,280 SH   SOLE   3,280 0 0
ENSTAR GROUP LTD COM g3075p101 28,963 193,034 SH   SOLE   192,634 400 0
ESTEE LAUDER COM 518439104 12,770 145,013 SH   SOLE   144,513 500 0
EXPEDITORS INTL WASH COM 302130109 775 17,175 SH   SOLE   17,175 0 0
EXXON MOBIL CORP COM COM 30231g102 30,734 394,283 SH   SOLE   392,078 2,205 0
FACEBOOK INC COM 30303m102 232 2,219 SH   SOLE   2,219 0 0
FAIRFAX FINL HLDGS LTD COM 303901102 3,000 6,342 SH   SOLE   6,342 0 0
FARMERS CAP BK CORP COM 309562106 244 9,000 SH   SOLE   9,000 0 0
GAMCO INVS INC COM 361438104 14,607 470,589 SH   SOLE   469,489 1,100 0
GAMING & LEISURE PPTYS COM 36467j108 10,704 385,047 SH   SOLE   385,047 0 0
GENERAL ELECTRIC CO COM 369604103 438 14,067 SH   SOLE   14,067 0 0
GOLDEN ENTERTAINMENT COM 381013101 143 13,950 SH   SOLE   13,950 0 0
GOLDMAN SACHS GRP INC COM 38141g104 29,311 162,631 SH   SOLE   162,381 250 0
HON INDUSTRIES COM 404251100 307 8,500 SH   SOLE   8,500 0 0
HOWARD HUGHES CORP COM 44267d107 1,193 10,543 SH   SOLE   10,543 0 0
HUMANA INC COM 444859102 1,446 8,100 SH   SOLE   8,100 0 0
INTERNATIONAL BUS MACH COM 459200101 367 2,665 SH   SOLE   2,665 0 0
INTUIT COM 461202103 232 2,400 SH   SOLE   2,400 0 0
JOHNSON AND JOHNSON COM 478160104 30,336 295,323 SH   SOLE   294,823 500 0
JPMORGAN CHASE & CO COM 46625h100 14,444 218,751 SH   SOLE   216,299 2,452 0
LAS VEGAS SANDS CORP COM 517834107 4,571 104,270 SH   SOLE   104,270 0 0
LEUCADIA NATL CORP COM 527288104 22,949 1,319,685 SH   SOLE   1,316,685 3,000 0
LIVE NATION ENT INC COM 538034109 1,192 48,525 SH   SOLE   48,525 0 0
LIVE OAK BANCSHARES INC COM 53803x105 241 17,000 SH   SOLE   17,000 0 0
MARKEL CORP COM COM 570535104 68,098 77,091 SH   SOLE   76,841 250 0
MCDONALDS CORP COM 580135101 762 6,454 SH   SOLE   6,454 0 0
MERCK & CO INC COM 58933y105 339 6,409 SH   SOLE   6,409 0 0
MICROSOFT CORP COM 594918104 248 4,475 SH   SOLE   4,475 0 0
MONDELEZ INTL INC COM 609207105 342 7,618 SH   SOLE   7,618 0 0
NIKE INC CL B COM 654106103 18,885 302,156 SH   SOLE   302,156 0 0
NORTHERN TRUST CORP COM 665859104 220 3,050 SH   SOLE   3,050 0 0
OCCIDENTAL PETE CORP COM 674599105 2,431 35,963 SH   SOLE   35,963 0 0
PAC WEST BANCORP COM 695263103 851 19,750 SH   SOLE   19,750 0 0
PEPSICO INC COM 713448108 24,202 242,211 SH   SOLE   241,811 400 0
PFIZER INC COM 717081103 624 19,342 SH   SOLE   19,342 0 0
PHILIP MORRIS INTL INC COM 718172109 671 7,638 SH   SOLE   7,638 0 0
PNC FINL SERVICES GP INC COM 693475105 1,323 13,880 SH   SOLE   12,530 1,350 0
PROCTER & GAMBLE CO COM 742718109 10,768 135,602 SH   SOLE   135,302 300 0
REALOGY HLDGS CORP COM 75605y106 9,088 247,835 SH   SOLE   247,835 0 0
S&P DEPOSITARY RECEIPTS COM 78462F103 298 1,464 SH   SOLE   1,464 0 0
SCHLUMBERGER LTD COM 806857108 24,429 350,232 SH   SOLE   349,632 600 0
SEACOAST BKG CORP FLA COM 811707801 2,419 161,503 SH   SOLE   161,503 0 0
SOUTHERN NATL BANCORP VA COM 843395104 7,697 589,354 SH   SOLE   589,354 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 6,613 92,502 SH   SOLE   92,302 200 0
TIFFANY & CO NEW COM 886547108 15,175 198,913 SH   SOLE   198,513 400 0
TOTAL SYS SERV INC COM 891906109 240 4,819 SH   SOLE   4,819 0 0
UNITED PARCEL SVC COM 911312106 1,289 13,394 SH   SOLE   13,394 0 0
UNITED TECHNOLOGIES CP COM 913017109 930 9,682 SH   SOLE   9,682 0 0
US BANCORP DEL COM 902973304 731 17,130 SH   SOLE   17,130 0 0
VORNADO REALTY TRUST COM 929042109 23,034 230,431 SH   SOLE   229,681 750 0
WAL-MART STORES INC COM 931142103 13,525 220,633 SH   SOLE   219,733 900 0
WELLS FARGO & CO COM 949746101 28,138 517,619 SH   SOLE   514,869 2,750 0
WESTERN UNION CO COM 959802109 179 10,000 SH   SOLE   10,000 0 0
WHOLE FOODS MARKET, INC. COM 966837106 20,884 623,392 SH   SOLE   621,592 1,800 0
WINTRUST FINANCIAL CORP COM 97650w108 1,567 32,298 SH   SOLE   32,298 0 0
WYNN RESORTS LTD COM 983134107 18,753 271,040 SH   SOLE   270,340 700 0