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 247 1,600 SH   SOLE   1,600 0 0
ABBOTT LABORATORIES COM 002824100 258 5,255 SH   SOLE   5,255 0 0
ABBVIE INC COM 00287y109 337 5,011 SH   SOLE   5,011 0 0
AFFILIATED MANAGERS GRP COM 008252108 28,082 128,463 SH   SOLE   128,063 400 0
AMERICAN EXPRESS CO COM 025816109 30,247 389,182 SH   SOLE   387,882 1,300 0
ANNALY CAP MGMT INC COM 035710409 3,532 384,350 SH   SOLE   384,350 0 0
APACHE CORP COM 037411105 515 8,930 SH   SOLE   8,930 0 0
APPLE INC COM 037833100 7,740 61,709 SH   SOLE   61,709 0 0
AUTOMATIC DATA PROCESS COM 053015103 295 3,677 SH   SOLE   3,677 0 0
BANK OF AMERICA CORP COM 060505104 191 11,241 SH   SOLE   11,241 0 0
BAXTER INTL COM 071813109 248 3,550 SH   SOLE   3,550 0 0
BED BATH & BEYOND COM 075896100 630 9,140 SH   SOLE   9,140 0 0
BERKSHIRE HATHAWAY A COM 084670108 8,604 42 SH   SOLE   42 0 0
BERKSHIRE HATHAWAY B COM 084670702 103,646 761,488 SH   SOLE   758,488 3,000 0
BLACKSTONE GROUP COM 09253u908 2,227 54,500 SH   SOLE   54,500 0 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 747 18,695 SH   SOLE   18,695 0 0
BROOKFIELD ASSET MGMT COM 112585104 12,490 357,584 SH   SOLE   357,584 0 0
CALIFORNIA RESOURCES CORP COM 13057q107 78 12,952 SH   SOLE   12,952 0 0
CHEVRON CORPORATION COM 166764100 2,190 22,698 SH   SOLE   22,698 0 0
CHURCHILL DOWNS COM 171484108 2,568 20,532 SH   SOLE   20,532 0 0
CITY NATIONAL CORP COM 178566105 6,887 76,193 SH   SOLE   76,193 0 0
COCA COLA COM COM 191216100 23,520 599,542 SH   SOLE   598,542 1,000 0
COLFAX CORP COM 194014106 5,998 129,975 SH   SOLE   129,975 0 0
CONOCOPHILLIPS COM 20825C104 726 11,817 SH   SOLE   11,817 0 0
COSTCO WHSL CORP NEW COM 22160K105 466 3,450 SH   SOLE   3,450 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 499 2,500 SH   SOLE   2,500 0 0
DISNEY WALT CO COM 254687106 3,941 34,528 SH   SOLE   34,528 0 0
DOUGLAS EMMETT INC COM 25960p109 16,947 629,078 SH   SOLE   627,078 2,000 0
DU PONT E I DE NEMOURS COM 263534109 293 4,580 SH   SOLE   4,580 0 0
ENSTAR GROUP LTD COM g3075p101 32,418 209,213 SH   SOLE   208,813 400 0
ESTEE LAUDER COM 518439104 12,994 149,938 SH   SOLE   149,438 500 0
EXPEDITORS INTL WASH COM 302130109 837 18,150 SH   SOLE   18,150 0 0
EXXON MOBIL CORP COM COM 30231g102 30,914 371,568 SH   SOLE   369,363 2,205 0
FAIRFAX FINL HLDGS LTD COM 303901102 2,974 6,027 SH   SOLE   6,027 0 0
FARMERS CAP BK CORP COM 309562106 256 9,000 SH   SOLE   9,000 0 0
FDX CORP COM 31428x106 204 1,200 SH   SOLE   1,200 0 0
FIRST BUSEY CORP COM 319383105 99 15,000 SH   SOLE   15,000 0 0
GAMCO INVS INC COM 361438104 29,340 427,007 SH   SOLE   425,907 1,100 0
GAMING & LEISURE PPTYS COM 36467j108 11,813 322,229 SH   SOLE   322,229 0 0
GENERAL ELECTRIC CO COM 369604103 371 13,967 SH   SOLE   13,967 0 0
GENERAL EMPLOYMENT ENT INC COM 369730106 14 14,000 SH   SOLE   14,000 0 0
GOLDMAN SACHS GRP INC COM 38141g104 28,625 137,098 SH   SOLE   136,848 250 0
GOOGLE INC CL A COM 38259p508 9,500 17,591 SH   SOLE   17,591 0 0
GOOGLE INC CL C COM 38259p706 13,460 25,859 SH   SOLE   25,819 40 0
HON INDUSTRIES COM 404251100 435 8,500 SH   SOLE   8,500 0 0
HOWARD HUGHES CORP COM 44267d107 1,554 10,825 SH   SOLE   10,825 0 0
HUMANA INC COM 444859102 1,530 8,000 SH   SOLE   8,000 0 0
INTERNATIONAL BUS MACH COM 459200101 492 3,025 SH   SOLE   3,025 0 0
INTUIT COM 461202103 242 2,400 SH   SOLE   2,400 0 0
JOHNSON AND JOHNSON COM 478160104 24,969 256,200 SH   SOLE   255,700 500 0
JPMORGAN CHASE & CO COM 46625h100 16,012 236,298 SH   SOLE   233,846 2,452 0
LAKES ENTMT INC COM 51206p208 188 20,675 SH   SOLE   20,675 0 0
LAS VEGAS SANDS CORP COM 517834107 8,134 154,730 SH   SOLE   154,730 0 0
LEUCADIA NATL CORP COM 527288104 33,265 1,370,068 SH   SOLE   1,367,068 3,000 0
LifePoint Hospitals COM 53219l109 313 3,600 SH   SOLE   3,600 0 0
MARKEL CORP COM COM 570535104 63,616 79,452 SH   SOLE   79,202 250 0
MCDONALDS CORP COM 580135101 604 6,350 SH   SOLE   6,350 0 0
MERCK & CO INC COM 58933y105 361 6,344 SH   SOLE   6,344 0 0
MICROSOFT CORP COM 594918104 237 5,377 SH   SOLE   5,377 0 0
MONDELEZ INTL INC COM 609207105 313 7,618 SH   SOLE   7,618 0 0
NESTLE S.A SPONS COM 641069406 208 2,873 SH   SOLE   2,873 0 0
NIKE INC CL B COM 654106103 17,013 157,496 SH   SOLE   157,496 0 0
NORTHERN TRUST CORP COM 665859104 283 3,700 SH   SOLE   3,700 0 0
OAKTREE CAPITAL GROUP LLC COM 674001201 221 4,150 SH   SOLE   4,150 0 0
OCCIDENTAL PETE CORP COM 674599105 2,836 36,463 SH   SOLE   36,463 0 0
PEPSICO INC COM 713448108 23,142 247,932 SH   SOLE   247,532 400 0
PFIZER INC COM 717081103 626 18,665 SH   SOLE   18,665 0 0
PHILIP MORRIS INTL INC COM 718172109 649 8,094 SH   SOLE   8,094 0 0
PNC FINL SERVICES GP INC COM 693475105 1,647 17,220 SH   SOLE   15,570 1,650 0
PROCTER & GAMBLE CO COM 742718109 11,893 152,005 SH   SOLE   151,405 600 0
QUALCOMM INC COM 747525103 230 3,675 SH   SOLE   3,675 0 0
REALOGY HLDGS CORP COM 75605y106 11,364 243,235 SH   SOLE   243,235 0 0
S&P DEPOSITARY RECEIPTS COM 78462F103 372 1,808 SH   SOLE   1,808 0 0
SCHLUMBERGER LTD COM 806857108 30,301 351,555 SH   SOLE   350,955 600 0
SEACOAST BKG CORP FLA COM 811707801 3,602 227,976 SH   SOLE   227,976 0 0
SOUTHERN NATL BANCORP VA COM 843395104 4,953 447,054 SH   SOLE   447,054 0 0
SPECTRA ENERGY CORP COM 847560109 270 8,275 SH   SOLE   8,275 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 5,929 76,272 SH   SOLE   76,272 0 0
TIFFANY & CO NEW COM 886547108 16,563 180,430 SH   SOLE   180,030 400 0
TOTAL SYS SERV INC COM 891906109 285 6,819 SH   SOLE   6,819 0 0
UNITED PARCEL SVC COM 911312106 1,315 13,565 SH   SOLE   13,565 0 0
UNITED TECHNOLOGIES CP COM 913017109 1,084 9,774 SH   SOLE   9,774 0 0
US BANCORP DEL COM 902973304 947 21,830 SH   SOLE   21,830 0 0
VORNADO REALTY TRUST COM 929042109 21,652 228,079 SH   SOLE   227,329 750 0
WAL-MART STORES INC COM 931142103 21,158 298,298 SH   SOLE   297,198 1,100 0
WELLS FARGO & CO COM 949746101 29,853 530,808 SH   SOLE   528,058 2,750 0
WESTERN UNION CO COM 959802109 224 11,000 SH   SOLE   11,000 0 0
WHOLE FOODS MARKET, INC. COM 966837106 16,008 405,885 SH   SOLE   405,285 600 0
WINTRUST FINANCIAL CORP COM 97650w108 1,779 33,323 SH   SOLE   33,323 0 0
WYNN RESORTS LTD COM 983134107 19,876 201,440 SH   SOLE   201,040 400 0