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
ALAMOS GOLD INC NEW COM CL A CS 011532108 375 104,235 SH   SOLE   104,235 0 0
AMDOCS LTD SHS CS G02602103 11,013 187,992 SH   SOLE   187,992 0 0
AMERISOURCEBERGEN CORP COM CS 03073E105 7,983 107,295 SH   SOLE   107,295 0 0
APPLE INC COM CS 037833100 3,186 20,198 SH   SOLE   20,198 0 0
BANK NEW YORK MELLON CORP COM CS 064058100 6,663 141,564 SH   SOLE   141,564 0 0
BERKSHIRE HATHAWAY CLASS B CS 084670702 12,640 61,907 SH   SOLE   61,907 0 0
BIGLARI HLDGS INC-A CS 08986R408 338 575 SH   SOLE   575 0 0
BIGLARI HLDGS INC-B CS 08986R309 2,948 25,959 SH   SOLE   25,959 0 0
BIO RAD LABS INC CL A CS 090572207 778 3,349 SH   SOLE   3,349 0 0
CABOT OIL & GAS CORP COM CS 127097103 2,398 107,315 SH   SOLE   107,315 0 0
CHEESECAKE FACTORY INC COM CS 163072101 5,160 118,600 SH   SOLE   118,600 0 0
CISCO SYS INC COM CS 17275R102 3,588 82,800 SH   SOLE   82,800 0 0
CONSOLIDATED TOMOKA LD CO COM CS 210226106 4,105 78,185 SH   SOLE   78,185 0 0
CRAWFORD & CO CL B CS 224633107 702 77,994 SH   SOLE   77,994 0 0
CRAWFORD & COMPANY - CL A CS 224633206 2,311 259,705 SH   SOLE   259,705 0 0
CUBIC CORP COM CS 229669106 423 7,878 SH   SOLE   7,878 0 0
DISCOVERY INC COM SER C CS 25470F302 1,135 49,162 SH   SOLE   49,162 0 0
DOLLAR GEN CORP NEW COM CS 256677105 1,547 14,315 SH   SOLE   14,315 0 0
DOLLAR TREE INC COM CS 256746108 6,907 76,475 SH   SOLE   76,475 0 0
DONNELLEY FINL SOLUTIONS INC C CS 25787G100 2,006 143,001 SH   SOLE   143,001 0 0
FRP HLDGS INC COM CS 30292L107 5,365 116,615 SH   SOLE   116,615 0 0
GREENHILL & CO INC COM CS 395259104 2,597 106,428 SH   SOLE   106,428 0 0
HALLMARK FINL SVCS INC EC C CS 40624Q203 10,431 975,810 SH   SOLE   975,810 0 0
ISHARES GOLD TRUST ISHARES CS 464285105 4,136 336,500 SH   SOLE   336,500 0 0
ISHARES SILVER TRUST ISHARES CS 46428Q109 1,822 125,495 SH   SOLE   125,495 0 0
JEFFERIES FINL GROUP INC COM CS 47233W109 5,358 308,635 SH   SOLE   308,635 0 0
KROGER CO COM CS 501044101 485 17,630 SH   SOLE   17,630 0 0
LABORATORY CORP AMER HLDGS COM CS 50540R409 1,850 14,641 SH   SOLE   14,641 0 0
MADISON SQUARE GARDEN CO NEW C CS 55825T103 6,348 23,712 SH   SOLE   23,712 0 0
MOLSON COORS BREWING CO CL B CS 60871R209 536 9,540 SH   SOLE   9,540 0 0
NET 1 UEPS TECHNOLOGIES INC CO CS 64107N206 9,711 2,070,665 SH   SOLE   2,070,665 0 0
NORTHERN TR CORP COM CS 665859104 804 9,615 SH   SOLE   9,615 0 0
OAKTREE CAP GROUP LLC UNIT CL CS 674001201 7,058 177,564 SH   SOLE   177,564 0 0
OMNICOM GROUP INC COM CS 681919106 558 7,620 SH   SOLE   7,620 0 0
PARTY CITY HOLDCO INC COM CS 702149105 818 81,985 SH   SOLE   81,985 0 0
PROTECTIVE INS CORP CL B CS 74368L203 15,210 913,508 SH   SOLE   913,508 0 0
SKECHERS U S A INC CL A CS 830566105 4,376 191,180 SH   SOLE   191,180 0 0
SYKES ENTERPRISES INC COM CS 871237103 2,784 112,593 SH   SOLE   112,593 0 0
TAPESTRY INC COM CS 876030107 213 6,300 SH   SOLE   6,300 0 0
TERADATA CORP DEL COM CS 88076W103 7,846 204,529 SH   SOLE   204,529 0 0
TETRA TECH INC NEW COM CS 88162G103 465 8,975 SH   SOLE   8,975 0 0
WESTERN DIGITAL CORP COM CS 958102105 264 7,152 SH   SOLE   7,152 0 0
WESTERN UN CO COM CS 959802109 6,367 373,206 SH   SOLE   373,206 0 0
WYNDHAM DESTINATIONS INC COM CS 98310W108 3,747 104,555 SH   SOLE   104,555 0 0
CONSOLIDATED TOMOKA LD CO CV 210226ab2 2,107 2,125,000 PRN   SOLE   2,125,000 0 0
EZCORP INC CV 302301ab2 514 528,000 PRN   SOLE   528,000 0 0
TWITTER INC CV 90184lab8 3,396 3,500,000 PRN   SOLE   3,500,000 0 0