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 271 1,914 SH   SOLE   1,914 0 0
ABBOTT LABORATORIES COM 002824100 227 5,455 SH   SOLE   5,455 0 0
ABBVIE INC COM 00287y109 305 5,287 SH   SOLE   5,287 0 0
AFFILIATED MANAGERS GRP COM 008252108 27,212 135,815 SH   SOLE   135,415 400 0
AMERICAN EXPRESS CO COM 025816109 28,425 324,711 SH   SOLE   323,411 1,300 0
ANNALY CAP MGMT INC COM 035710409 11,962 1,120,075 SH   SOLE   1,120,075 0 0
APACHE CORP COM 037411105 838 8,930 SH   SOLE   8,930 0 0
APPLE INC COM 037833100 6,432 63,844 SH   SOLE   63,844 0 0
ATLAS FINL HOLDINGS INC COM g06207115 145 10,500 SH   SOLE   10,500 0 0
BANK OF AMERICA CORP COM 060505104 243 14,241 SH   SOLE   14,241 0 0
BED BATH & BEYOND COM 075896100 611 9,275 SH   SOLE   9,275 0 0
BERKSHIRE HATHAWAY A COM 084670108 8,690 42 SH   SOLE   42 0 0
BERKSHIRE HATHAWAY B COM 084670702 104,943 759,684 SH   SOLE   756,684 3,000 0
BIGLARI HOLDINGS INC COM 08986r101 5,213 15,342 SH   SOLE   15,342 0 0
BLACKSTONE GROUP COM 09253u908 1,716 54,500 SH   SOLE   54,500 0 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 822 18,695 SH   SOLE   18,695 0 0
BROOKFIELD ASSET MGMT COM 112585104 10,764 239,407 SH   SOLE   239,407 0 0
CHEVRON CORPORATION COM 166764100 2,849 23,881 SH   SOLE   23,881 0 0
CHURCHILL DOWNS COM 171484108 2,391 24,525 SH   SOLE   24,525 0 0
CITY NATIONAL CORP COM 178566105 28,824 380,918 SH   SOLE   380,418 500 0
COCA COLA COM COM 191216100 25,827 605,417 SH   SOLE   604,417 1,000 0
COLFAX CORP COM 194014106 759 13,325 SH   SOLE   13,325 0 0
CONOCOPHILLIPS COM 20825C104 909 11,874 SH   SOLE   11,874 0 0
COSTCO WHSL CORP NEW COM 22160K105 432 3,450 SH   SOLE   3,450 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 308 2,500 SH   SOLE   2,500 0 0
DISNEY WALT CO COM 254687106 3,090 34,709 SH   SOLE   34,709 0 0
DOUGLAS EMMETT INC COM 25960p109 16,338 636,478 SH   SOLE   634,478 2,000 0
DU PONT E I DE NEMOURS COM 263534109 381 5,303 SH   SOLE   5,303 0 0
ENSTAR GROUP LTD COM g3075p101 28,284 207,482 SH   SOLE   207,082 400 0
ESTEE LAUDER COM 518439104 11,275 150,896 SH   SOLE   150,396 500 0
EXPEDITORS INTL WASH COM 302130109 831 20,475 SH   SOLE   20,475 0 0
EXXON MOBIL CORP COM COM 30231g102 34,726 369,228 SH   SOLE   367,023 2,205 0
FAIRFAX FINL HLDGS LTD COM 303901102 2,716 6,047 SH   SOLE   6,047 0 0
FARMERS CAP BK CORP COM 309562106 203 9,000 SH   SOLE   9,000 0 0
FDX CORP COM 31428x106 323 2,000 SH   SOLE   2,000 0 0
FIRST BUSEY CORP COM 319383105 139 25,000 SH   SOLE   25,000 0 0
GAMCO INVS INC COM 361438104 28,260 399,494 SH   SOLE   398,394 1,100 0
GAMING & LEISURE PPTYS COM 36467j108 13,844 448,011 SH   SOLE   447,115 896 0
GENERAL ELECTRIC CO COM 369604103 355 13,868 SH   SOLE   13,868 0 0
GOLDMAN SACHS GRP INC COM 38141g104 25,692 139,959 SH   SOLE   139,709 250 0
GOOGLE INC CL A COM 38259p508 10,420 17,708 SH   SOLE   17,708 0 0
GOOGLE INC CL C COM 38259p706 10,060 17,424 SH   SOLE   17,424 0 0
HALIBURTON CO COM 406216101 272 4,209 SH   SOLE   4,209 0 0
HOWARD HUGHES CORP COM 44267d107 1,654 11,025 SH   SOLE   11,025 0 0
HUMANA INC COM 444859102 1,407 10,800 SH   SOLE   10,800 0 0
INTERNATIONAL BUS MACH COM 459200101 574 3,025 SH   SOLE   3,025 0 0
INTUIT COM 461202103 232 2,650 SH   SOLE   2,650 0 0
ISHARES MSCI EAFE INDEX FUND COM 464287465 253 3,938 SH   SOLE   3,938 0 0
JOHNSON AND JOHNSON COM 478160104 27,002 253,322 SH   SOLE   252,822 500 0
JPMORGAN CHASE & CO COM 46625h100 13,827 229,524 SH   SOLE   227,072 2,452 0
KRAFT FOODS GROUP INC COM 50076q106 326 5,781 SH   SOLE   5,781 0 0
LAS VEGAS SANDS CORP COM 517834107 8,236 132,395 SH   SOLE   132,395 0 0
LEUCADIA NATL CORP COM 527288104 24,231 1,016,391 SH   SOLE   1,014,391 2,000 0
LifePoint Hospitals COM 53219l109 277 4,000 SH   SOLE   4,000 0 0
MARKEL CORP COM COM 570535104 50,949 80,089 SH   SOLE   79,839 250 0
MCDONALDS CORP COM 580135101 1,289 13,597 SH   SOLE   13,597 0 0
MERCK & CO INC COM 58933y105 419 7,063 SH   SOLE   7,063 0 0
MICROSOFT CORP COM 594918104 275 5,928 SH   SOLE   5,928 0 0
MONDELEZ INTL INC COM 609207105 259 7,558 SH   SOLE   7,558 0 0
NESTLE S.A SPONS COM 641069406 215 2,922 SH   SOLE   2,922 0 0
NIKE INC CL B COM 654106103 15,217 170,593 SH   SOLE   170,593 0 0
NORFOLK SOUTHERN CORP COM 655844108 222 1,990 SH   SOLE   1,990 0 0
NORTHERN TRUST CORP COM 665859104 463 6,800 SH   SOLE   6,800 0 0
OCCIDENTAL PETE CORP COM 674599105 2,463 25,621 SH   SOLE   25,621 0 0
PENN NATL GAMING CORP COM 707569109 2,075 185,111 SH   SOLE   184,361 750 0
PEPSICO INC COM 713448108 24,462 262,777 SH   SOLE   262,377 400 0
PFIZER INC COM 717081103 667 22,564 SH   SOLE   22,564 0 0
PHILIP MORRIS INTL INC COM 718172109 766 9,181 SH   SOLE   9,181 0 0
PNC FINL SERVICES GP INC COM 693475105 1,401 16,366 SH   SOLE   14,716 1,650 0
PROCTER & GAMBLE CO COM 742718109 13,907 166,078 SH   SOLE   165,478 600 0
QUALCOMM INC COM 747525103 303 4,059 SH   SOLE   4,059 0 0
REALOGY HLDGS CORP COM 75605y106 9,425 253,360 SH   SOLE   253,360 0 0
ROYAL DUTCH SHELL A ADRF SPONS COM 780259206 289 3,801 SH   SOLE   3,801 0 0
S&P DEPOSITARY RECEIPTS COM 78462F103 454 2,303 SH   SOLE   2,303 0 0
S&P MIDCAP 400 COM 595635103 260 1,044 SH   SOLE   1,044 0 0
SCHLUMBERGER LTD COM 806857108 6,598 64,885 SH   SOLE   64,885 0 0
SEACOAST BKG CORP FLA COM 811707801 5,739 525,041 SH   SOLE   525,041 0 0
SOUTHERN NATL BANCORP VA COM 843395104 4,738 408,822 SH   SOLE   408,822 0 0
SPECTRA ENERGY CORP COM 847560109 325 8,275 SH   SOLE   8,275 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 2,222 28,341 SH   SOLE   28,341 0 0
TIFFANY & CO NEW COM 886547108 18,301 190,022 SH   SOLE   189,622 400 0
TOTAL SYS SERV INC COM 891906109 211 6,819 SH   SOLE   6,819 0 0
TRUPANION INC COM 898202106 153 18,000 SH   SOLE   18,000 0 0
ULTRA PETROLEUM CORP COM 903914109 214 9,200 SH   SOLE   9,200 0 0
UNITED PARCEL SVC COM 911312106 1,405 14,297 SH   SOLE   14,297 0 0
UNITED TECHNOLOGIES CP COM 913017109 1,081 10,237 SH   SOLE   10,237 0 0
US BANCORP DEL COM 902973304 1,057 25,263 SH   SOLE   25,263 0 0
VORNADO REALTY TRUST COM 929042109 23,462 234,714 SH   SOLE   233,964 750 0
WAL-MART STORES INC COM 931142103 26,242 343,162 SH   SOLE   342,062 1,100 0
WELLS FARGO & CO COM 949746101 28,028 540,342 SH   SOLE   537,592 2,750 0
WESTERN UNION CO COM 959802109 299 18,650 SH   SOLE   18,650 0 0
WHOLE FOODS MARKET, INC. COM 966837106 6,660 174,760 SH   SOLE   174,760 0 0
WINTRUST FINANCIAL CORP COM 97650w108 1,629 36,473 SH   SOLE   36,473 0 0
WYNN RESORTS LTD COM 983134107 26,963 144,123 SH   SOLE   143,723 400 0