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 LABS COM 002824100 1,259 10,509 SH   SOLE   10,508 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 569 65,831 SH   SOLE   65,830 0 0
ADVANCED EMISSIONS SOLUTS IN COM 00770C101 67 12,150 SH   SOLE   12,150 0 0
AIR PRODS & CHEMS INC COM 009158106 1,051 3,735 SH   SOLE   3,735 0 0
ALLEGHANY CORP DEL COM 017175100 20,663 32,993 SH   SOLE   32,993 0 0
ALLY FINL INC COM 02005N100 280 6,189 SH   SOLE   6,189 0 0
ALPHA METALLURGICAL RESOUR I COM 020764106 250 19,768 SH   SOLE   19,768 0 0
AMBAC FINL GROUP INC COM NEW 023139884 353 21,100 SH   SOLE   21,100 0 0
AMERCO COM 023586100 4,104 6,700 SH   SOLE   6,700 0 0
AMERICAN CENTY ETF TR US SML CP VALU 025072877 2,337 32,369 SH   SOLE   32,369 0 0
AMERICAN CENTY ETF TR INTL SMCP VLU 025072802 1,914 30,772 SH   SOLE   30,772 0 0
AMERICAN CENTY ETF TR AVANTIS EMGMKT 025072604 253 3,856 SH   SOLE   3,856 0 0
AMERICAN EXPRESS CO COM 025816109 1,033 7,306 SH   SOLE   7,305 0 0
AMERICAN NATIONAL GROUP INC COM NEW 02772A109 860 7,976 SH   SOLE   7,976 0 0
AMGEN INC COM 031162100 1,304 5,241 SH   SOLE   5,240 0 0
ANNALY CAPITAL MANAGEMENT IN COM 035710409 112 13,000 SH   SOLE   13,000 0 0
ANTERO RESOURCES CORP COM 03674X106 632 61,948 SH   SOLE   61,948 0 0
APPLE INC COM 037833100 2,022 16,553 SH   SOLE   16,553 0 0
APPLIED MATLS INC COM 038222105 1,162 8,700 SH   SOLE   8,700 0 0
AT&T INC COM 00206R102 528 17,432 SH   SOLE   17,432 0 0
BANK NEW YORK MELLON CORP COM 064058100 3,859 81,611 SH   SOLE   81,611 0 0
BERKLEY W R CORP COM 084423102 19,865 263,638 SH   SOLE   263,638 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 54,220 212,237 SH   SOLE   212,237 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,700 7 SH   SOLE   7 0 0
BK OF AMERICA CORP COM 060505104 216 5,593 SH   SOLE   5,593 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 133 15,200 SH   SOLE   15,200 0 0
BLACKSTONE GROUP INC COM 09260D107 797 10,695 SH   SOLE   10,695 0 0
BLACKSTONE MTG TR INC COM CL A 09257W100 514 16,587 SH   SOLE   16,587 0 0
BORR DRILLING LTD SHS G1466R207 18 18,754 SH   SOLE   18,754 0 0
BRIGHTHOUSE FINL INC COM 10922N103 260 5,876 SH   SOLE   5,876 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 1,897 12,390 SH   SOLE   12,390 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 1,515 34,044 SH   SOLE   34,044 0 0
CABLE ONE INC COM 12685J105 640 350 SH   SOLE   350 0 0
CALIFORNIA RES CORP COM STOCK 13057Q305 492 20,452 SH   SOLE   20,452 0 0
CANADIAN NAT RES LTD COM 136385101 2,187 70,859 SH   SOLE   70,859 0 0
CARS COM INC COM 14575E105 261 20,109 SH   SOLE   20,109 0 0
CATHAY GEN BANCORP COM 149150104 375 9,185 SH   SOLE   9,185 0 0
CENTRAL SECS CORP COM 155123102 239 6,310 SH   SOLE   6,310 0 0
CHEVRON CORP NEW COM 166764100 1,111 10,598 SH   SOLE   10,598 0 0
CIMAREX ENERGY CO COM 171798101 1,730 29,129 SH   SOLE   29,129 0 0
CISCO SYS INC COM 17275R102 440 8,502 SH   SOLE   8,502 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 228 11,321 SH   SOLE   11,321 0 0
CNA FINL CORP COM 126117100 1,160 25,987 SH   SOLE   25,987 0 0
COMCAST CORP NEW CL A 20030N101 461 8,511 SH   SOLE   8,511 0 0
CONOCOPHILLIPS COM 20825C104 1,022 19,291 SH   SOLE   19,291 0 0
CONTANGO OIL & GAS CO COM NEW 21075N204 691 177,207 SH   SOLE   177,207 0 0
CORE LABORATORIES N V COM N22717107 728 25,276 SH   SOLE   25,276 0 0
CORNING INC COM 219350105 565 12,995 SH   SOLE   12,995 0 0
CORTEVA INC COM 22052L104 597 12,813 SH   SOLE   12,813 0 0
COSTCO WHSL CORP NEW COM 22160K105 292 827 SH   SOLE   827 0 0
COVANTA HLDG CORP COM 22282E102 558 40,250 SH   SOLE   40,250 0 0
CREDIT ACCEP CORP MICH COM 225310101 1,813 5,034 SH   SOLE   5,034 0 0
CROSS TIMBERS RTY TR TR UNIT 22757R109 871 103,005 SH   SOLE   103,005 0 0
CSW INDUSTRIALS INC COM 126402106 216 1,600 SH   SOLE   1,600 0 0
CTO REALTY GROWTH INC COM 22948Q101 1,509 29,022 SH   SOLE   29,021 0 0
CUSTOMERS BANCORP INC COM 23204G100 923 29,000 SH   SOLE   29,000 0 0
CVS HEALTH CORP COM 126650100 632 8,401 SH   SOLE   8,401 0 0
DAILY JOURNAL CORP COM 233912104 281 889 SH   SOLE   889 0 0
DIAMOND S SHIPPING INC COM Y20676105 299 29,792 SH   SOLE   29,792 0 0
DISCOVERY INC COM SER C 25470F302 1,606 43,534 SH   SOLE   43,534 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 766 56,076 SH   SOLE   56,076 0 0
DOW INC COM 260557103 807 12,618 SH   SOLE   12,618 0 0
DUPONT DE NEMOURS INC COM 26614N102 952 12,321 SH   SOLE   12,321 0 0
EBAY INC. COM 278642103 698 11,397 SH   SOLE   11,397 0 0
EMERSON ELEC CO COM 291011104 1,566 17,355 SH   SOLE   17,355 0 0
ENBRIDGE INC COM 29250N105 294 8,089 SH   SOLE   8,089 0 0
ENSTAR GROUP LIMITED SHS G3075P101 20,469 82,962 SH   SOLE   82,962 0 0
ENTERGY CORP NEW COM 29364G103 276 2,772 SH   SOLE   2,772 0 0
EQT CORP COM 26884L109 221 11,914 SH   SOLE   11,914 0 0
EURONAV NV SHS B38564108 864 94,459 SH   SOLE   94,459 0 0
FAIRFAX FINL HLDGS LTD SUB VTG Stock 303901102 13,783 31,744 SH   SOLE   31,744 0 0
FIDELITY NATIONAL FINANCIAL FNF GROUP COM 31620R303 387 9,513 SH   SOLE   9,513 0 0
FREEPORT-MCMORAN INC CL B 35671D857 1,492 45,317 SH   SOLE   45,316 0 0
GANNETT CO INC COM 36472T109 60 11,098 SH   SOLE   11,098 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 254 25,188 SH   SOLE   25,188 0 0
GENERAL AMERN INVS CO INC COM 368802104 3,193 80,139 SH   SOLE   80,139 0 0
GENERAL DYNAMICS CORP COM 369550108 368 2,028 SH   SOLE   2,028 0 0
GEOSPACE TECHNOLOGIES CORP COM 37364X109 274 30,070 SH   SOLE   30,070 0 0
GOLUB CAP BDC INC COM 38173M102 410 28,066 SH   SOLE   28,066 0 0
GRAHAM HLDGS CO COM CL B 384637104 1,817 3,231 SH   SOLE   3,231 0 0
GRINDROD SHIPPING HOLDINGS L SHS Y28895103 178 24,445 SH   SOLE   24,445 0 0
HALLADOR ENERGY COMPANY COM 40609P105 23 12,500 SH   SOLE   12,500 0 0
HELMERICH & PAYNE INC COM 423452101 661 24,503 SH   SOLE   24,503 0 0
IMPERIAL OIL LTD COM NEW 453038408 221 9,180 SH   SOLE   9,180 0 0
INTEL CORP COM 458140100 546 8,535 SH   SOLE   8,535 0 0
INTERNATIONAL PAPER CO COM 460146103 479 8,850 SH   SOLE   8,850 0 0
ISHARES GOLD TR ISHARES 464285105 1,000 61,528 SH   SOLE   61,528 0 0
ISHARES SILVER TR ISHARES 46428Q109 211 9,307 SH   SOLE   9,307 0 0
ISTAR INC COM 45031U101 1,450 81,533 SH   SOLE   81,532 0 0
JEFFERIES FINL GROUP INC COM 47233W109 17,717 588,617 SH   SOLE   588,617 0 0
JOHNSON & JOHNSON COM 478160104 3,263 19,855 SH   SOLE   19,855 0 0
KIMBERLY-CLARK CORP COM 494368103 250 1,800 SH   SOLE   1,800 0 0
KRANESHARES TR QUADRTC INT RT 500767736 493 17,242 SH   SOLE   17,242 0 0
LENNAR CORP CL B 526057302 2,397 29,114 SH   SOLE   29,114 0 0
LIBERTY BROADBAND CORP COM SER A 530307107 300 2,064 SH   SOLE   2,064 0 0
LIBERTY BROADBAND CORP COM SER C 530307305 926 6,169 SH   SOLE   6,169 0 0
LIBERTY GLOBAL PLC SHS CL C G5480U120 696 27,248 SH   SOLE   27,248 0 0
LIBERTY MEDIA CORP DEL COM C BRAVES GRP 531229888 218 7,837 SH   SOLE   7,837 0 0
LIBERTY MEDIA CORP DEL COM SER C FRMLA 531229854 563 13,011 SH   SOLE   13,011 0 0
LOCKHEED MARTIN CORP COM 539830109 204 552 SH   SOLE   552 0 0
LOEWS CORP COM 540424108 15,203 296,474 SH   SOLE   296,474 0 0
LUMEN TECHNOLOGIES INC COM 550241103 2,036 152,527 SH   SOLE   152,526 0 0
MACERICH CO COM 554382101 233 19,888 SH   SOLE   19,888 0 0
MARKEL CORP COM 570535104 19,395 17,019 SH   SOLE   17,019 0 0
MERCK & CO. INC COM 58933Y105 201 2,606 SH   SOLE   2,606 0 0
MESA RTY TR UNIT BEN INT 590660106 52 11,371 SH   SOLE   11,371 0 0
METLIFE INC COM 59156R108 387 6,362 SH   SOLE   6,362 0 0
MICROSOFT CORP COM 594918104 5,993 25,418 SH   SOLE   25,418 0 0
MOHAWK INDS INC COM 608190104 2,763 14,365 SH   SOLE   14,365 0 0
MONMOUTH REAL ESTATE INVT CO CL A 609720107 586 33,125 SH   SOLE   33,125 0 0
NOVARTIS AG SPONSORED ADR 66987V109 534 6,245 SH   SOLE   6,245 0 0
NOW INC COM 67011P100 1,052 104,308 SH   SOLE   104,308 0 0
NUTRIEN LTD COM 67077M108 355 6,594 SH   SOLE   6,594 0 0
NVR INC COM 62944T105 2,153 457 SH   SOLE   457 0 0
OAK VY BANCORP OAKDALE CALIF COM 671807105 232 13,515 SH   SOLE   13,515 0 0
OCCIDENTAL PETE CORP COM 674599105 1,339 50,316 SH   SOLE   50,316 0 0
OFG BANCORP COM 67103X102 389 17,200 SH   SOLE   17,200 0 0
ORION ENGINEERED CARBONS S A COM L72967109 418 21,180 SH   SOLE   21,180 0 0
PATTERSON-UTI ENERGY INC COM 703481101 185 25,962 SH   SOLE   25,962 0 0
PAYPAL HLDGS INC COM 70450Y103 761 3,132 SH   SOLE   3,132 0 0
PNC FINL SVCS GROUP INC COM 693475105 272 1,550 SH   SOLE   1,550 0 0
QUALCOMM INC COM 747525103 261 1,970 SH   SOLE   1,970 0 0
RAMACO RES INC COM 75134P303 106 25,000 SH   SOLE   25,000 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,435 126,960 SH   SOLE   126,960 0 0
ROYCE VALUE TR INC COM 780910105 1,541 85,093 SH   SOLE   85,092 0 0
RPC INC COM 749660106 2,018 373,712 SH   SOLE   373,712 0 0
SABINE ROYALTY TR UNIT BEN INT 785688102 896 29,553 SH   SOLE   29,553 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 904 228,251 SH   SOLE   228,250 0 0
SCHLUMBERGER LTD COM 806857108 828 30,436 SH   SOLE   30,436 0 0
SCHWAB CHARLES CORP COM 808513105 3,085 47,335 SH   SOLE   47,334 0 0
SEMPRA ENERGY COM 816851109 304 2,294 SH   SOLE   2,294 0 0
SLR INVESTMENT CORP COM 83413U100 207 11,663 SH   SOLE   11,663 0 0
SOURCE CAP INC COM 836144105 1,513 34,574 SH   SOLE   34,574 0 0
SOUTHERN CO COM 842587107 428 6,890 SH   SOLE   6,890 0 0
SOUTHWESTERN ENERGY CO COM 845467109 472 101,400 SH   SOLE   101,400 0 0
SPROTT FOCUS TR INC COM 85208J109 131 16,837 SH   SOLE   16,837 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 191 11,000 SH   SOLE   11,000 0 0
SPROTT PHYSICAL SILVER TR TR UNIT 85207K107 965 109,934 SH   SOLE   109,934 0 0
ST JOE CO COM 790148100 1,335 31,120 SH   SOLE   31,120 0 0
TECHNIPFMC PLC COM G87110105 80 10,400 SH   SOLE   10,400 0 0
TEEKAY CORPORATION COM Y8564W103 83 25,880 SH   SOLE   25,880 0 0
TEGNA INC COM 87901J105 1,260 66,900 SH   SOLE   66,900 0 0
TEJON RANCH CO COM 879080109 168 10,012 SH   SOLE   10,012 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 36 15,000 SH   SOLE   15,000 0 0
TEXAS PACIFIC LAND CORPORATI COM 88262P102 1,829 1,151 SH   SOLE   1,151 0 0
TFS FINL CORP COM 87240R107 232 11,370 SH   SOLE   11,370 0 0
TIDEWATER INC NEW COM 88642R109 537 42,870 SH   SOLE   42,870 0 0
TOTAL SE SPONSORED ADS 89151E109 258 5,550 SH   SOLE   5,550 0 0
TRINITY PL HLDGS INC COM 89656D101 25 12,050 SH   SOLE   12,050 0 0
UNITED SEC BANCSHARES CALIF COM 911460103 163 19,862 SH   SOLE   19,862 0 0
US BANCORP DEL COM NEW 902973304 708 12,808 SH   SOLE   12,808 0 0
V F CORP COM 918204108 599 7,500 SH   SOLE   7,500 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 210 1,597 SH   SOLE   1,597 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 356 5,656 SH   SOLE   5,656 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 315 3,235 SH   SOLE   3,235 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 648 10,539 SH   SOLE   10,539 0 0
VANGUARD SCOTTSDALE FDS VNG RUS1000VAL 92206C714 1,456 10,952 SH   SOLE   10,952 0 0
VANGUARD SCOTTSDALE FDS VNG RUS2000VAL 92206C649 284 2,030 SH   SOLE   2,030 0 0
VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844 1,393 9,472 SH   SOLE   9,472 0 0
VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF 921943858 352 7,165 SH   SOLE   7,165 0 0
VANGUARD WHITEHALL FDS INTL DVD ETF 921946810 1,081 13,055 SH   SOLE   13,055 0 0
VANGUARD WHITEHALL FDS HIGH DIV YLD 921946406 1,055 10,434 SH   SOLE   10,434 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 302 5,202 SH   SOLE   5,202 0 0
VIDLER WATER RESOUCES INC COM 92660E107 1,047 117,685 SH   SOLE   117,685 0 0
W & T OFFSHORE INC COM 92922P106 36 10,000 SH   SOLE   10,000 0 0
WELLS FARGO CO NEW COM 949746101 567 14,505 SH   SOLE   14,505 0 0
WESTAMERICA BANCORPORATION COM 957090103 647 10,309 SH   SOLE   10,309 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 595 16,719 SH   SOLE   16,719 0 0
WHITE MTNS INS GROUP LTD COM G9618E107 26,418 23,695 SH   SOLE   23,695 0 0
WILLIAMS COS INC COM 969457100 323 13,625 SH   SOLE   13,625 0 0
ZOETIS INC CL A 98978V103 342 2,170 SH   SOLE   2,170 0 0