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 356 4,516 SH   SOLE   4,516 0 0
ABBVIE INC COM 00287y109 350 4,597 SH   SOLE   4,597 0 0
AFFILIATED MANAGERS GRP COM 008252108 608 10,285 SH   SOLE   10,285 0 0
ALPHABET INC SHS CL A COM 02079k305 17,665 15,203 SH   SOLE   15,203 0 0
ALPHABET INC SHS CL C COM 02079k107 36,133 31,074 SH   SOLE   30,949 125 0
AMAZON.COM INC COM 023135106 28,973 14,860 SH   SOLE   14,820 40 0
AMERICAN EXPRESS CO COM 025816109 17,257 201,575 SH   SOLE   200,600 975 0
AMERICAN TOWER CORP COM 03027x100 18,102 83,130 SH   SOLE   82,970 160 0
ANNALY CAP MGMT INC COM 035710409 127 25,000 SH   SOLE   25,000 0 0
APPLE INC COM 037833100 15,371 60,445 SH   SOLE   60,445 0 0
BECTON DICKINSON & CO COM 075887109 216 938 SH   SOLE   938 0 0
BERKSHIRE HATHAWAY A COM 084670108 10,064 37 SH   SOLE   37 0 0
BERKSHIRE HATHAWAY B COM 084670702 120,980 661,705 SH   SOLE   659,205 2,500 0
BLACKSTONE GROUP INC COM 09260d107 35,379 776,357 SH   SOLE   774,457 1,900 0
BOEING CO COM 097023105 207 1,387 SH   SOLE   1,387 0 0
BOOKING HOLDING INC COM 09857L108 18,596 13,823 SH   SOLE   13,781 42 0
BROOKFIELD ASSET MGMT COM 112585104 25,023 565,494 SH   SOLE   564,094 1,400 0
CARMAX INC COM 143130102 17,069 317,094 SH   SOLE   316,744 350 0
CHEVRON CORPORATION COM 166764100 689 9,509 SH   SOLE   9,509 0 0
CHURCHILL DOWNS COM 171484108 1,598 15,525 SH   SOLE   15,525 0 0
COCA COLA COM COM 191216100 1,665 37,619 SH   SOLE   37,619 0 0
COSTCO WHOLESALE CO COM 22160k105 859 3,014 SH   SOLE   3,014 0 0
DIAMOND HILL INVT CL A COM 25264r207 3,979 44,094 SH   SOLE   44,094 0 0
DOUGLAS EMMETT INC COM 25960p109 14,403 472,077 SH   SOLE   470,327 1,750 0
ENSTAR GROUP LTD COM g3075p101 2,657 16,704 SH   SOLE   16,704 0 0
ESTEE LAUDER INC COM 518439104 22,410 140,644 SH   SOLE   140,144 500 0
EXXON MOBIL CORP COM 30231g102 1,625 42,797 SH   SOLE   41,497 1,300 0
FACEBOOK INC CL A COM 30303m102 331 1,984 SH   SOLE   1,984 0 0
GAMCO INVS INC COM 361438104 654 59,516 SH   SOLE   59,516 0 0
GAMING & LEISURE INC COM 36467j108 6,523 235,416 SH   SOLE   234,916 500 0
GOLDMAN SACHS INC COM 38141g104 32,132 207,854 SH   SOLE   207,304 550 0
HOME BANCSHARES INC COM 436893200 28,907 2,410,902 SH   SOLE   2,405,652 5,250 0
HOME DEPOT INC COM 437076102 214 1,147 SH   SOLE   1,147 0 0
HUMANA INC COM 444859102 590 1,880 SH   SOLE   1,880 0 0
INTUIT COM 461202103 455 1,979 SH   SOLE   1,979 0 0
JEFFERIES FINANCIAL GROUP INC COM 47233W109 248 18,125 SH   SOLE   18,125 0 0
JOHNSON AND JOHNSON COM 478160104 28,973 220,948 SH   SOLE   220,598 350 0
JPMORGAN CHASE & CO COM 46625h100 16,979 188,597 SH   SOLE   186,145 2,452 0
KKR & CO COM 48251W104 1,019 43,425 SH   SOLE   43,425 0 0
LAS VEGAS SANDS CORP COM 517834107 360 8,477 SH   SOLE   8,477 0 0
LIBERTY MEDIA CORP SERIES C LI COM 531229607 9,179 290,292 SH   SOLE   290,292 0 0
LILLY ELI & CO COM 532457108 307 2,212 SH   SOLE   2,212 0 0
LIVE NATION ENTMT COM 538034109 10,650 234,264 SH   SOLE   234,264 0 0
MARKEL CORP COM COM 570535104 69,811 75,236 SH   SOLE   74,986 250 0
MARRIOTT INT'L COM 571903202 312 4,175 SH   SOLE   4,175 0 0
MASTERCARD INC. COM 57636q104 14,226 58,894 SH   SOLE   58,894 0 0
MC DONALDS CORP COM 580135101 1,142 6,904 SH   SOLE   6,904 0 0
MERCK & CO INC COM 58933y105 400 5,194 SH   SOLE   5,194 0 0
MGM MIRAGE COM 552953101 3,279 277,910 SH   SOLE   277,910 0 0
MICROSOFT CORP COM 594918104 1,540 9,765 SH   SOLE   9,765 0 0
MICROVISION INC WASH COM 594960304 4 24,000 SH   SOLE   24,000 0 0
MONDELEZ INTL CLASS A COM 609207105 332 6,635 SH   SOLE   6,635 0 0
MOODY'S CORP COM 615369105 38,287 181,028 SH   SOLE   180,453 575 0
NIKE INC CL B COM 654106103 33,630 406,451 SH   SOLE   405,601 850 0
O'REILLY AUTOMOTIVE INC COM 67103h107 5,542 18,410 SH   SOLE   18,410 0 0
PACWEST BANCORP COM 695263103 11,544 644,192 SH   SOLE   644,192 0 0
PEPSICO INC COM 713448108 18,615 154,996 SH   SOLE   154,596 400 0
PFIZER INCORPORATED COM 717081103 362 11,104 SH   SOLE   11,104 0 0
PHILIP MORRIS INTL INC COM 718172109 285 3,900 SH   SOLE   3,900 0 0
PNC FINANCIAL SRVCS COM 693475105 790 8,250 SH   SOLE   7,150 1,100 0
PROCTER & GAMBLE COM 742718109 3,190 28,996 SH   SOLE   28,996 0 0
RAYTHEON TECH CORP COM 75513E101 545 5,781 SH   SOLE   5,781 0 0
ROCKWELL AUTOMATION COM 773903109 4,031 26,710 SH   SOLE   26,710 0 0
SCHWAB CHARLES CORP COM 808513105 22,364 665,195 SH   SOLE   663,195 2,000 0
SEACOAST BK CORP FLA COM 811707801 882 48,150 SH   SOLE   48,150 0 0
SHERWIN WILLIAMS CO COM 824348106 2,867 6,240 SH   SOLE   6,240 0 0
SPDR S&P 500 ETF COM 78462f103 3,714 14,409 SH   SOLE   14,409 0 0
T ROWE PRICE GROUP INC COM 74144t108 14,788 151,437 SH   SOLE   151,237 200 0
UNITED PARCEL SRVC CL B COM 911312106 577 6,177 SH   SOLE   6,177 0 0
US BANCORP DEL COM 902973304 310 8,986 SH   SOLE   8,986 0 0
VISA INC COM CLASS A COM 92826C839 317 1,967 SH   SOLE   1,967 0 0
VORNADO REALTY TRUST COM 929042109 13,603 375,665 SH   SOLE   374,915 750 0
WAL-MART STORES INC COM 931142103 277 2,434 SH   SOLE   2,434 0 0
WALT DISNEY CO COM 254687106 22,964 237,720 SH   SOLE   237,095 625 0
WELLS FARGO & CO COM 949746101 12,286 428,077 SH   SOLE   426,077 2,000 0
WINTRUST FINANCIAL COM 97650w108 631 19,190 SH   SOLE   19,190 0 0
WYNN RESORTS LTD COM 983134107 14,362 238,614 SH   SOLE   237,889 725 0