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 282 1,600 SH   SOLE   1,600 0 0
ABBOTT LABORATORIES COM 002824100 226 5,355 SH   SOLE   5,355 0 0
ABBVIE INC COM 00287y109 322 5,111 SH   SOLE   5,111 0 0
AFFILIATED MANAGERS GRP COM 008252108 21,932 151,568 SH   SOLE   151,168 400 0
ALPHABET INC CL A COM 02079k305 13,520 16,815 SH   SOLE   16,815 0 0
ALPHABET INC CL C COM 02079k107 19,478 25,059 SH   SOLE   25,019 40 0
ALTRIA GROUP INC COM 02209s103 203 3,205 SH   SOLE   3,205 0 0
AMAZON.COM INC. COM 023135106 11,371 13,580 SH   SOLE   13,540 40 0
AMERICAN EXPRESS CO COM 025816109 22,783 355,761 SH   SOLE   354,461 1,300 0
AMERICAN TOWER CORP COM 03027x100 2,755 24,309 SH   SOLE   24,309 0 0
ANNALY CAP MGMT INC COM 035710409 332 31,650 SH   SOLE   31,650 0 0
APPLE INC COM 037833100 7,617 67,376 SH   SOLE   67,376 0 0
ASSOCIATED CAPITAL GROUP INC COM 045528106 257 7,250 SH   SOLE   7,250 0 0
AUTOMATIC DATA PROCESS COM 053015103 229 2,600 SH   SOLE   2,600 0 0
BERKSHIRE HATHAWAY A COM 084670108 8,216 38 SH   SOLE   38 0 0
BERKSHIRE HATHAWAY B COM 084670702 112,206 776,670 SH   SOLE   773,670 3,000 0
BLACKSTONE GROUP COM 09253u108 20,847 816,587 SH   SOLE   814,687 1,900 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 477 13,563 SH   SOLE   13,563 0 0
BROOKFIELD ASSET MGMT COM 112585104 13,017 370,435 SH   SOLE   370,435 0 0
CARMAX INC COM 143130102 14,278 267,638 SH   SOLE   267,288 350 0
CHEVRON CORPORATION COM 166764100 1,807 17,557 SH   SOLE   17,557 0 0
CHURCHILL DOWNS COM 171484108 4,708 32,167 SH   SOLE   32,167 0 0
COCA COLA COM COM 191216100 19,724 466,056 SH   SOLE   465,056 1,000 0
COLFAX CORP COM 194014106 2,172 69,115 SH   SOLE   69,115 0 0
CONOCOPHILLIPS COM 20825C104 300 6,892 SH   SOLE   6,892 0 0
COSTCO WHSL CORP NEW COM 22160K105 526 3,450 SH   SOLE   3,450 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 462 2,500 SH   SOLE   2,500 0 0
DISNEY WALT CO COM 254687106 3,321 35,762 SH   SOLE   35,762 0 0
DOUGLAS EMMETT INC COM 25960p109 19,031 519,540 SH   SOLE   517,540 2,000 0
DU PONT E I DE NEMOURS COM 263534109 208 3,100 SH   SOLE   3,100 0 0
ENSTAR GROUP LTD COM g3075p101 28,326 172,227 SH   SOLE   171,827 400 0
ESTEE LAUDER COM 518439104 12,245 138,273 SH   SOLE   137,773 500 0
EXXON MOBIL CORP COM COM 30231g102 31,433 360,136 SH   SOLE   358,128 2,008 0
FACEBOOK INC COM 30303m102 305 2,375 SH   SOLE   2,375 0 0
FAIRFAX FINL HLDGS LTD COM 303901102 3,485 5,952 SH   SOLE   5,952 0 0
FARMERS CAP BK CORP COM 309562106 267 9,000 SH   SOLE   9,000 0 0
FDX CORP COM 31428x106 218 1,250 SH   SOLE   1,250 0 0
GAMCO INVS INC COM 361438104 12,946 454,716 SH   SOLE   453,616 1,100 0
GAMING & LEISURE PPTYS COM 36467j108 14,204 424,627 SH   SOLE   424,627 0 0
GENERAL ELECTRIC CO COM 369604103 399 13,454 SH   SOLE   13,454 0 0
GOLDMAN SACHS GRP INC COM 38141g104 29,175 180,908 SH   SOLE   180,658 250 0
HOWARD HUGHES CORP COM 44267d107 1,200 10,479 SH   SOLE   10,479 0 0
HUMANA INC COM 444859102 831 4,700 SH   SOLE   4,700 0 0
INTUIT COM 461202103 215 1,950 SH   SOLE   1,950 0 0
JOHNSON AND JOHNSON COM 478160104 33,165 280,751 SH   SOLE   280,251 500 0
JPMORGAN CHASE & CO COM 46625h100 13,294 199,638 SH   SOLE   197,186 2,452 0
LAS VEGAS SANDS CORP COM 517834107 4,033 70,093 SH   SOLE   70,093 0 0
LEUCADIA NATL CORP COM 527288104 14,588 766,192 SH   SOLE   764,692 1,500 0
LIVE NATION ENT INC COM 538034109 3,197 116,350 SH   SOLE   116,350 0 0
MARKEL CORP COM COM 570535104 65,977 71,037 SH   SOLE   70,787 250 0
MCDONALDS CORP COM 580135101 732 6,342 SH   SOLE   6,342 0 0
MERCK & CO INC COM 58933y105 377 6,033 SH   SOLE   6,033 0 0
MICROSOFT CORP COM 594918104 277 4,812 SH   SOLE   4,812 0 0
MICROVISION INC WASH COM 594960304 14 10,000 SH   SOLE   10,000 0 0
MONDELEZ INTL INC COM 609207105 307 7,003 SH   SOLE   7,003 0 0
MOODY'S CORP COM 615369105 688 6,350 SH   SOLE   6,350 0 0
NIKE INC CL B COM 654106103 15,365 291,834 SH   SOLE   291,834 0 0
OAKTREE CAPITAL GROUP LLC COM 674001201 1,505 35,500 SH   SOLE   35,500 0 0
OCCIDENTAL PETE CORP COM 674599105 2,517 34,521 SH   SOLE   34,521 0 0
PAC WEST BANCORP COM 695263103 6,130 142,860 SH   SOLE   142,860 0 0
PEPSICO INC COM 713448108 24,382 224,159 SH   SOLE   223,759 400 0
PFIZER INC COM 717081103 528 15,595 SH   SOLE   15,595 0 0
PHILIP MORRIS INTL INC COM 718172109 610 6,277 SH   SOLE   6,277 0 0
PNC FINL SERVICES GP INC COM 693475105 847 9,400 SH   SOLE   8,050 1,350 0
PROCTER & GAMBLE CO COM 742718109 5,155 57,442 SH   SOLE   57,442 0 0
REALOGY HLDGS CORP COM 75605y106 6,833 264,235 SH   SOLE   264,235 0 0
S&P DEPOSITARY RECEIPTS COM 78462F103 278 1,287 SH   SOLE   1,287 0 0
SCHLUMBERGER LTD COM 806857108 25,943 329,892 SH   SOLE   329,292 600 0
SEACOAST BKG CORP FLA COM 811707801 2,719 169,016 SH   SOLE   169,016 0 0
SOUTHERN NATL BANCORP VA COM 843395104 9,405 720,694 SH   SOLE   720,694 0 0
SPDR GOLD TRUST COM 78463v107 251 2,000 SH   SOLE   2,000 0 0
SPECTRA ENERGY CORP COM 847560109 287 6,718 SH   SOLE   6,718 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 6,428 96,658 SH   SOLE   96,458 200 0
TIFFANY & CO NEW COM 886547108 15,622 215,089 SH   SOLE   214,689 400 0
UNITED PARCEL SVC COM 911312106 1,368 12,510 SH   SOLE   12,510 0 0
UNITED TECHNOLOGIES CP COM 913017109 724 7,128 SH   SOLE   7,128 0 0
US BANCORP DEL COM 902973304 681 15,870 SH   SOLE   15,870 0 0
VORNADO REALTY TRUST COM 929042109 22,816 225,435 SH   SOLE   224,685 750 0
WAL-MART STORES INC COM 931142103 606 8,400 SH   SOLE   8,400 0 0
WELLS FARGO & CO COM 949746101 24,169 545,827 SH   SOLE   543,077 2,750 0
WHOLE FOODS MARKET, INC. COM 966837106 16,736 590,320 SH   SOLE   588,520 1,800 0
WINTRUST FINANCIAL CORP COM 97650w108 1,465 26,358 SH   SOLE   26,358 0 0
WYNN RESORTS LTD COM 983134107 25,182 258,492 SH   SOLE   257,792 700 0