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
AMERICAN TEL & TEL COM 030177109 713,327 18,253 SH   SOLE   18,253 0 0
APPLE COM 037833100 300,404 1,023 SH   SOLE   1,023 0 0
ASSURED GUARANTY COM G0585R106 74,807,363 1,526,058 SH   SOLE   1,526,058 0 0
ALCON COM H01301128 269,047 4,756 SH   SOLE   4,756 0 0
BANK OF AMERICA COM 060505104 626,316 17,763 SH   SOLE   17,763 0 0
BP PLC COM 055622104 61,280,589 1,623,757 SH   SOLE   1,623,757 0 0
BRISTOL MYERS SQUIBB COM 110122108 67,639,057 1,053,732 SH   SOLE   1,053,732 0 0
BLACKBERRY COM 09228F103 37,326,747 5,814,135 SH   SOLE   5,814,135 0 0
BERKSHIRE HATHAWAY COM 084670702 747,450 3,300 SH   SOLE   3,300 0 0
CITIGROUP COM 172967101 80,456,562 1,007,092 SH   SOLE   1,007,092 0 0
CHEVRONTEXACO COM 166764100 527,351 4,376 SH   SOLE   4,376 0 0
COMCAST CL A COM 20030N101 399,694 8,888 SH   SOLE   8,888 0 0
CREW ENERGY COM 226533107 80,744 189,500 SH   SOLE   189,500 0 0
COAL CREEK MINING COM 190072108 268,290 813 SH   SOLE   813 0 0
EXXON MOBILE COM 30231G102 1,334,194 19,120 SH   SOLE   19,120 0 0
FIRST NATL BK OF ALASKA COM 32112J106 1,654,830 6,810 SH   SOLE   6,810 0 0
GENIE ENERGY COM 903514344 3,467,609 448,591 SH   SOLE   448,591 0 0
GLACIER BANCORP COM 37637Q105 288,127 6,265 SH   SOLE   6,265 0 0
GLAXOSMITHKLINE COM 37733W105 74,603,639 1,587,628 SH   SOLE   1,587,628 0 0
HOLOGIC COM 436440101 15,379,552 294,571 SH   SOLE   294,571 0 0
HOPE BANCORP COM 43940T109 474,331 31,920 SH   SOLE   31,920 0 0
IDT CORP CL B COM 448847309 5,031,872 697,902 SH   SOLE   697,902 0 0
IDW MEDIA COM 44951N106 727,857 96,405 SH   SOLE   96,405 0 0
KEYCORP COM 493267108 230,574 11,392 SH   SOLE   11,392 0 0
LIFEWAY FOODS COM 531914109 19,900 10,000 SH   SOLE   10,000 0 0
MERCK COM 589331107 94,411,040 1,038,054 SH   SOLE   1,038,054 0 0
MBIA COM 55262C100 50,237,103 5,401,839 SH   SOLE   5,401,839 0 0
NAM TAI PPTY COM G63907102 18,146,118 2,107,563 SH   SOLE   2,107,563 0 0
NAVIENT COM 63938C108 345,912 13,680 SH   SOLE   13,680 0 0
NEW YORK COMMUNITY COM 649445103 64,612,494 5,375,415 SH   SOLE   5,375,415 0 0
NOVARTIS ADR COM 66987V109 2,440,445 25,773 SH   SOLE   25,773 0 0
NY TIMES CL A COM 650111107 9,978,297 310,174 SH   SOLE   310,174 0 0
ORANGE COUNTY BANCORP COM 68417L107 482,160 16,400 SH   SOLE   16,400 0 0
PFIZER COM 717081103 31,727,337 809,784 SH   SOLE   809,784 0 0
PATTERSON ENERGY COM 703481101 27,203,810 2,590,839 SH   SOLE   2,590,839 0 0
PEPSICO COM 713448108 287,007 2,100 SH   SOLE   2,100 0 0
PEYTO EXP & DEV COM 717046106 102,575 35,000 SH   SOLE   3,500 0 0
RAFAEL HOLDING COM 75062E106 7,681,956 430,603 SH   SOLE   430,603 0 0
SB ONE BANC COM 78413T103 504,500 20,245 SH   SOLE   20,245 0 0
SEABOARD CORP COM 811543107 54,543,058 12,832 SH   SOLE   12,832 0 0
STERLING BANCORP COM 85917A100 7,983,586 378,728 SH   SOLE   378,728 0 0
TRINITY PLACE HOLDINGS COM 89656D101 4,808,749 1,597,591 SH   SOLE   1,597,591 0 0
VERIZON COM 92343V104 1,206,203 19,645 SH   SOLE   19,645 0 0
VIEWRAY COM 92672L107 2,251,581 533,550 SH   SOLE   533,550 0 0
VALHI COM 918905100 19,388 10,368 SH   SOLE   10,368 0 0
VOXX INTERNATIONAL COM 91829F104 16,846,422 3,846,215 SH   SOLE   3,846,215 0 0
ZEDGE INC. COM 98923T104 253,767 164,784 SH   SOLE   164,784 0 0