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
ABBOTT LABORATORIES COM 002824100 469 5,399 SH   SOLE   5,399 0 0
ABBVIE INC COM 00287y109 580 6,549 SH   SOLE   6,549 0 0
AFFILIATED MANAGERS GRP COM 008252108 12,056 142,275 SH   SOLE   141,875 400 0
ALPHABET INC SHS CL A COM 02079k305 20,545 15,339 SH   SOLE   15,339 0 0
ALPHABET INC SHS CL C COM 02079k107 40,656 30,408 SH   SOLE   30,338 70 0
AMAZON.COM INC COM 023135106 26,025 14,084 SH   SOLE   14,044 40 0
AMERICAN EXPRESS CO COM 025816109 25,225 202,625 SH   SOLE   201,650 975 0
AMERICAN TOWER CORP COM 03027x100 4,934 21,468 SH   SOLE   21,468 0 0
ANNALY CAP MGMT INC COM 035710409 235 25,000 SH   SOLE   25,000 0 0
APPLE INC COM 037833100 15,382 52,382 SH   SOLE   52,382 0 0
AUTOMATIC DATA PROCESS COM 053015103 226 1,325 SH   SOLE   1,325 0 0
BAXTER INTL COM 071813109 221 2,648 SH   SOLE   2,648 0 0
BECTON DICKINSON & CO COM 075887109 255 938 SH   SOLE   938 0 0
BERKSHIRE HATHAWAY A COM 084670108 12,565 37 SH   SOLE   37 0 0
BERKSHIRE HATHAWAY B COM 084670702 150,661 665,172 SH   SOLE   662,372 2,800 0
BLACKSTONE GROUP INC COM 09260d107 44,541 796,231 SH   SOLE   794,331 1,900 0
BOEING CO COM 097023105 504 1,547 SH   SOLE   1,547 0 0
BOOKING HOLDING INC COM 09857L108 25,431 12,383 SH   SOLE   12,348 35 0
BROOKFIELD ASSET MGMT COM 112585104 31,797 549,925 SH   SOLE   548,525 1,400 0
CARMAX INC COM 143130102 27,000 307,971 SH   SOLE   307,621 350 0
CHEVRON CORPORATION COM 166764100 1,293 10,730 SH   SOLE   10,730 0 0
CHURCHILL DOWNS COM 171484108 1,993 14,525 SH   SOLE   14,525 0 0
CINTAS CORP COM 172908105 269 1,000 SH   SOLE   1,000 0 0
COCA COLA COM COM 191216100 2,141 38,677 SH   SOLE   38,677 0 0
COSTCO WHOLESALE CO COM 22160k105 886 3,014 SH   SOLE   3,014 0 0
DIAMOND HILL INVT CL A COM 25264r207 6,218 44,269 SH   SOLE   44,269 0 0
DOUGLAS EMMETT INC COM 25960p109 18,678 425,467 SH   SOLE   423,717 1,750 0
ENSTAR GROUP LTD COM g3075p101 3,722 17,993 SH   SOLE   17,993 0 0
ESTEE LAUDER INC COM 518439104 24,765 119,902 SH   SOLE   119,402 500 0
EXXON MOBIL CORP COM 30231g102 3,316 47,523 SH   SOLE   46,223 1,300 0
FACEBOOK INC CL A COM 30303m102 310 1,509 SH   SOLE   1,509 0 0
GAMCO INVS INC COM 361438104 1,544 79,232 SH   SOLE   79,232 0 0
GAMING & LEISURE INC COM 36467j108 11,617 269,848 SH   SOLE   269,348 500 0
GOLDMAN SACHS INC COM 38141g104 44,050 191,582 SH   SOLE   191,107 475 0
HOME BANCSHARES INC COM 436893200 43,123 2,193,433 SH   SOLE   2,188,183 5,250 0
HOME DEPOT INC COM 437076102 250 1,147 SH   SOLE   1,147 0 0
HUMANA INC COM 444859102 799 2,180 SH   SOLE   2,180 0 0
ILLINOIS TOOL WORKS INC COM 452308109 247 1,376 SH   SOLE   1,376 0 0
INTUIT COM 461202103 518 1,979 SH   SOLE   1,979 0 0
JEFFERIES FINANCIAL GROUP INC COM 47233W109 3,566 166,861 SH   SOLE   165,861 1,000 0
JOHNSON AND JOHNSON COM 478160104 36,153 247,845 SH   SOLE   247,495 350 0
JPMORGAN CHASE & CO COM 46625h100 25,963 186,247 SH   SOLE   183,795 2,452 0
KKR & CO COM 48251W104 1,086 37,225 SH   SOLE   37,225 0 0
LAS VEGAS SANDS CORP COM 517834107 806 11,679 SH   SOLE   11,679 0 0
LIBERTY MEDIA CORP SERIES C LI COM 531229607 11,440 237,636 SH   SOLE   237,636 0 0
LILLY ELI & CO COM 532457108 291 2,212 SH   SOLE   2,212 0 0
LIVE NATION ENTMT COM 538034109 6,847 95,800 SH   SOLE   95,800 0 0
MARKEL CORP COM COM 570535104 83,264 72,836 SH   SOLE   72,586 250 0
MARRIOTT INT'L COM 571903202 784 5,175 SH   SOLE   5,175 0 0
MASTERCARD INC. COM 57636q104 291 973 SH   SOLE   973 0 0
MC DONALDS CORP COM 580135101 1,419 7,182 SH   SOLE   7,182 0 0
MERCK & CO INC COM 58933y105 472 5,194 SH   SOLE   5,194 0 0
MGM MIRAGE COM 552953101 9,412 282,885 SH   SOLE   282,885 0 0
MICROSOFT CORP COM 594918104 1,542 9,778 SH   SOLE   9,778 0 0
MICROVISION INC WASH COM 594960304 17 24,000 SH   SOLE   24,000 0 0
MONDELEZ INTL CLASS A COM 609207105 365 6,635 SH   SOLE   6,635 0 0
MOODY'S CORP COM 615369105 41,694 175,618 SH   SOLE   175,043 575 0
NIKE INC CL B COM 654106103 25,697 253,649 SH   SOLE   253,649 0 0
O'REILLY AUTOMOTIVE INC COM 67103h107 5,320 12,139 SH   SOLE   12,139 0 0
PACWEST BANCORP COM 695263103 13,919 363,712 SH   SOLE   363,712 0 0
PEPSICO INC COM 713448108 22,822 166,989 SH   SOLE   166,589 400 0
PFIZER INCORPORATED COM 717081103 518 13,232 SH   SOLE   13,232 0 0
PHILIP MORRIS INTL INC COM 718172109 332 3,900 SH   SOLE   3,900 0 0
PNC FINANCIAL SRVCS COM 693475105 1,320 8,272 SH   SOLE   7,172 1,100 0
PROCTER & GAMBLE COM 742718109 3,728 29,846 SH   SOLE   29,846 0 0
SCHWAB CHARLES CORP COM 808513105 31,182 655,645 SH   SOLE   653,645 2,000 0
SEACOAST BK CORP FLA COM 811707801 1,411 46,150 SH   SOLE   46,150 0 0
SPDR S&P 500 ETF COM 78462f103 365 1,134 SH   SOLE   1,134 0 0
STARBUCKS CORP COM 855244109 235 2,677 SH   SOLE   2,677 0 0
T ROWE PRICE GROUP INC COM 74144t108 15,991 131,242 SH   SOLE   131,042 200 0
TIFFANY & CO NEW COM 886547108 481 3,600 SH   SOLE   3,600 0 0
UNION PAC CORP COM 907818108 219 1,210 SH   SOLE   1,210 0 0
UNITED PARCEL SRVC CL B COM 911312106 732 6,249 SH   SOLE   6,249 0 0
UNITED TECHNOLOGIES COM 913017109 875 5,844 SH   SOLE   5,844 0 0
US BANCORP DEL COM 902973304 527 8,886 SH   SOLE   8,886 0 0
VISA INC COM CLASS A COM 92826C839 370 1,967 SH   SOLE   1,967 0 0
VORNADO REALTY TRUST COM 929042109 20,538 308,846 SH   SOLE   308,096 750 0
WAL-MART STORES INC COM 931142103 277 2,334 SH   SOLE   2,334 0 0
WALT DISNEY CO COM 254687106 4,874 33,698 SH   SOLE   33,698 0 0
WELLS FARGO & CO COM 949746101 24,137 448,634 SH   SOLE   446,634 2,000 0
WINTRUST FINANCIAL COM 97650w108 1,411 19,908 SH   SOLE   19,908 0 0
WYNN RESORTS LTD COM 983134107 31,091 223,882 SH   SOLE   223,157 725 0