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 277 1,550 SH   SOLE   1,550 0 0
ABBOTT LABORATORIES COM 002824100 206 5,355 SH   SOLE   5,355 0 0
ABBVIE INC COM 00287y109 332 5,304 SH   SOLE   5,304 0 0
AFFILIATED MANAGERS GRP COM 008252108 22,488 154,768 SH   SOLE   154,368 400 0
ALPHABET INC CL A COM 02079k305 13,216 16,677 SH   SOLE   16,677 0 0
ALPHABET INC CL C COM 02079k107 19,122 24,775 SH   SOLE   24,735 40 0
ALTRIA GROUP INC COM 02209s103 230 3,399 SH   SOLE   3,399 0 0
AMAZON.COM INC. COM 023135106 10,090 13,456 SH   SOLE   13,416 40 0
AMERICAN EXPRESS CO COM 025816109 24,918 336,366 SH   SOLE   335,066 1,300 0
AMERICAN TOWER CORP COM 03027x100 2,569 24,309 SH   SOLE   24,309 0 0
ANNALY CAP MGMT INC COM 035710409 316 31,650 SH   SOLE   31,650 0 0
APPLE INC COM 037833100 7,812 67,451 SH   SOLE   67,451 0 0
ASSOCIATED CAPITAL GROUP INC COM 045528106 237 7,225 SH   SOLE   7,225 0 0
AUTOMATIC DATA PROCESS COM 053015103 267 2,600 SH   SOLE   2,600 0 0
BANK OF AMERICA CORP COM 060505104 225 10,196 SH   SOLE   10,196 0 0
BB&T CORPORATION COM 054937107 209 4,450 SH   SOLE   4,450 0 0
BERKSHIRE HATHAWAY A COM 084670108 9,277 38 SH   SOLE   38 0 0
BERKSHIRE HATHAWAY B COM 084670702 124,412 763,357 SH   SOLE   760,357 3,000 0
BLACKSTONE GROUP COM 09253u108 23,180 857,562 SH   SOLE   855,662 1,900 0
BOEING CO COM 097023105 218 1,399 SH   SOLE   1,399 0 0
BP PLC ADR F SPONSORED ADR 1 A COM 055622104 507 13,563 SH   SOLE   13,563 0 0
BROOKFIELD ASSET MGMT COM 112585104 12,027 364,973 SH   SOLE   364,973 0 0
CARMAX INC COM 143130102 17,378 269,888 SH   SOLE   269,538 350 0
CHEVRON CORPORATION COM 166764100 2,056 17,467 SH   SOLE   17,467 0 0
CHURCHILL DOWNS COM 171484108 4,596 30,550 SH   SOLE   30,550 0 0
COCA COLA COM COM 191216100 19,039 459,214 SH   SOLE   458,214 1,000 0
COLFAX CORP COM 194014106 1,959 54,515 SH   SOLE   54,515 0 0
CONOCOPHILLIPS COM 20825C104 319 6,359 SH   SOLE   6,359 0 0
COSTCO WHSL CORP NEW COM 22160K105 533 3,331 SH   SOLE   3,331 0 0
DIAMOND HILL INVESTMENT GROUP COM 25264R207 526 2,500 SH   SOLE   2,500 0 0
DISNEY WALT CO COM 254687106 3,711 35,608 SH   SOLE   35,608 0 0
DOUGLAS EMMETT INC COM 25960p109 18,528 506,790 SH   SOLE   504,790 2,000 0
DU PONT E I DE NEMOURS COM 263534109 228 3,100 SH   SOLE   3,100 0 0
ENSTAR GROUP LTD COM g3075p101 28,779 145,569 SH   SOLE   145,169 400 0
ESTEE LAUDER COM 518439104 10,430 136,362 SH   SOLE   135,862 500 0
EXXON MOBIL CORP COM COM 30231g102 32,163 356,333 SH   SOLE   354,325 2,008 0
FACEBOOK INC COM 30303m102 315 2,734 SH   SOLE   2,734 0 0
FAIRFAX FINL HLDGS LTD COM 303901102 2,915 6,042 SH   SOLE   6,042 0 0
FARMERS CAP BK CORP COM 309562106 336 8,000 SH   SOLE   8,000 0 0
FDX CORP COM 31428x106 233 1,250 SH   SOLE   1,250 0 0
GAMCO INVS INC COM 361438104 13,806 446,954 SH   SOLE   445,854 1,100 0
GAMING & LEISURE PPTYS COM 36467j108 14,782 482,750 SH   SOLE   482,250 500 0
GENERAL ELECTRIC CO COM 369604103 425 13,454 SH   SOLE   13,454 0 0
GOLDMAN SACHS GRP INC COM 38141g104 41,991 175,364 SH   SOLE   175,114 250 0
HALIBURTON CO COM 406216101 216 4,000 SH   SOLE   4,000 0 0
HOME BANCSHARES INC. COM 436893200 6,136 220,945 SH   SOLE   220,445 500 0
HOWARD HUGHES CORP COM 44267d107 1,196 10,479 SH   SOLE   10,479 0 0
HUMANA INC COM 444859102 1,061 5,200 SH   SOLE   5,200 0 0
INTEROIL CORP COM COM 460951106 208 4,375 SH   SOLE   4,375 0 0
INTUIT COM 461202103 223 1,950 SH   SOLE   1,950 0 0
ISHARES TR S&P MIDCAP 400 INDE COM 464287507 227 1,373 SH   SOLE   1,373 0 0
JOHNSON AND JOHNSON COM 478160104 31,810 276,103 SH   SOLE   275,603 500 0
JPMORGAN CHASE & CO COM 46625h100 16,848 195,253 SH   SOLE   192,801 2,452 0
LAS VEGAS SANDS CORP COM 517834107 3,491 65,360 SH   SOLE   65,360 0 0
LEUCADIA NATL CORP COM 527288104 15,930 685,142 SH   SOLE   683,642 1,500 0
LIVE NATION ENT INC COM 538034109 3,028 113,850 SH   SOLE   113,850 0 0
MARKEL CORP COM COM 570535104 64,854 71,701 SH   SOLE   71,451 250 0
MCDONALDS CORP COM 580135101 772 6,342 SH   SOLE   6,342 0 0
MERCK & CO INC COM 58933y105 355 6,033 SH   SOLE   6,033 0 0
MICROSOFT CORP COM 594918104 294 4,729 SH   SOLE   4,729 0 0
MICROVISION INC WASH COM 594960304 13 10,000 SH   SOLE   10,000 0 0
MONDELEZ INTL INC COM 609207105 310 7,003 SH   SOLE   7,003 0 0
MOODY'S CORP COM 615369105 599 6,350 SH   SOLE   6,350 0 0
NIKE INC CL B COM 654106103 14,664 288,484 SH   SOLE   288,484 0 0
OAKTREE CAPITAL GROUP LLC COM 674001201 1,446 38,550 SH   SOLE   38,550 0 0
OCCIDENTAL PETE CORP COM 674599105 2,452 34,421 SH   SOLE   34,421 0 0
PAC WEST BANCORP COM 695263103 7,475 137,310 SH   SOLE   137,310 0 0
PEPSICO INC COM 713448108 23,187 221,611 SH   SOLE   221,211 400 0
PFIZER INC COM 717081103 518 15,953 SH   SOLE   15,953 0 0
PHILIP MORRIS INTL INC COM 718172109 574 6,277 SH   SOLE   6,277 0 0
PNC FINL SERVICES GP INC COM 693475105 1,094 9,350 SH   SOLE   8,000 1,350 0
PROCTER & GAMBLE CO COM 742718109 4,809 57,192 SH   SOLE   57,192 0 0
REALOGY HLDGS CORP COM 75605y106 6,887 267,675 SH   SOLE   267,675 0 0
S&P DEPOSITARY RECEIPTS COM 78462F103 414 1,851 SH   SOLE   1,851 0 0
SCHLUMBERGER LTD COM 806857108 26,513 315,822 SH   SOLE   315,222 600 0
SEACOAST BKG CORP FLA COM 811707801 1,195 54,150 SH   SOLE   54,150 0 0
SOUTHERN NATL BANCORP VA COM 843395104 10,633 650,739 SH   SOLE   650,739 0 0
SPDR GOLD TRUST COM 78463v107 219 2,000 SH   SOLE   2,000 0 0
SPECTRA ENERGY CORP COM 847560109 287 6,979 SH   SOLE   6,979 0 0
T ROWE PRICE ASSOCIATES COM 74144t108 7,157 95,093 SH   SOLE   94,893 200 0
TIFFANY & CO NEW COM 886547108 16,516 213,304 SH   SOLE   212,904 400 0
UNITED PARCEL SVC COM 911312106 1,418 12,371 SH   SOLE   12,371 0 0
UNITED TECHNOLOGIES CP COM 913017109 757 6,905 SH   SOLE   6,905 0 0
US BANCORP DEL COM 902973304 807 15,715 SH   SOLE   15,715 0 0
VORNADO REALTY TRUST COM 929042109 23,700 227,075 SH   SOLE   226,325 750 0
WAL-MART STORES INC COM 931142103 384 5,550 SH   SOLE   5,550 0 0
WELLS FARGO & CO COM 949746101 30,032 544,946 SH   SOLE   542,196 2,750 0
WHOLE FOODS MARKET, INC. COM 966837106 9,271 301,408 SH   SOLE   301,408 0 0
WINTRUST FINANCIAL CORP COM 97650w108 1,898 26,158 SH   SOLE   26,158 0 0
WYNN RESORTS LTD COM 983134107 21,748 251,392 SH   SOLE   250,692 700 0