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 518,674 16,496 SH   SOLE   16,496 0 0
APPLE COM 037833100 109,440 300 SH   SOLE   300 0 0
ASSURED GUARANTY COM G0585R106 37,647,372 1,542,293 SH   SOLE   1,542,293 0 0
BANK OF AMERICA COM 060505104 422,347 17,783 SH   SOLE   17,783 0 0
BP PLC COM 055622104 44,505,357 1,908,463 SH   SOLE   1,908,463 0 0
BRISTOL MYERS SQUIBB COM 110122108 59,729,275 1,015,804 SH   SOLE   1,015,804 0 0
BLACKBERRY COM 09228F103 27,944,326 5,714,586 SH   SOLE   5,714,586 0 0
BERKSHIRE HATHAWAY COM 084670702 593,546 3,325 SH   SOLE   3,325 0 0
CITIGROUP COM 172967101 47,712,836 933,715 SH   SOLE   933,715 0 0
CHEVRONTEXACO COM 166764100 263,050 2,948 SH   SOLE   2,948 0 0
COMCAST CL A COM 20030N101 338,658 8,688 SH   SOLE   8,688 0 0
CREW ENERGY COM 226533107 40,040 182,000 SH   SOLE   182,000 0 0
COAL CREEK MINING COM 190072108 267,477 813 SH   SOLE   813 0 0
EXXON MOBILE COM 30231G102 810,326 18,120 SH   SOLE   18,120 0 0
FIRST NATL BK OF ALASKA COM 32112J106 1,280,280 6,810 SH   SOLE   6,810 0 0
GENIE ENERGY COM 903514344 3,122,825 424,297 SH   SOLE   424,297 0 0
GLACIER BANCORP COM 37637Q105 221,092 6,265 SH   SOLE   6,265 0 0
GLAXOSMITHKLINE COM 37733W105 62,201,405 1,517,918 SH   SOLE   1,517,918 0 0
HOLOGIC COM 436440101 4,703,583 82,519 SH   SOLE   82,519 0 0
HOPE BANCORP COM 43940T109 294,302 31,920 SH   SOLE   31,920 0 0
IDT CORP CL B COM 448847309 4,455,352 682,290 SH   SOLE   682,290 0 0
IDW MEDIA COM 44951N106 376,440 94,110 SH   SOLE   94,110 0 0
JP MORGAN CHASE COM 44625H100 365,705 3,888 SH   SOLE   3,888 0 0
KEYCORP COM 493267108 138,414 11,364 SH   SOLE   11,364 0 0
LIFEWAY FOODS COM 531914109 22,752 10,000 SH   SOLE   10,000 0 0
MERCK COM 589331107 71,529,037 924,984 SH   SOLE   924,984 0 0
MBIA COM 55262C100 36,124,945 4,982,751 SH   SOLE   4,982,751 0 0
NAM TAI PPTY COM G63907102 11,774,338 1,883,894 SH   SOLE   1,883,894 0 0
NAVIENT COM 63938C108 177,761 25,286 SH   SOLE   25,286 0 0
NEW YORK COMMUNITY COM 649445103 52,489,807 5,146,060 SH   SOLE   5,146,060 0 0
NOVARTIS ADR COM 66987V109 1,982,443 22,698 SH   SOLE   22,698 0 0
NY TIMES CL A COM 650111107 63,045 1,500 SH   SOLE   1,500 0 0
ORANGE COUNTY BANCORP COM 68417L107 389,500 16,400 SH   SOLE   16,400 0 0
PFIZER COM 717081103 24,999,673 764,516 SH   SOLE   764,516 0 0
PATTERSON ENERGY COM 703481101 20,233,692 5,831,035 SH   SOLE   5,831,035 0 0
PEPSICO COM 713448108 264,520 2,000 SH   SOLE   2,000 0 0
PEYTO EXP & DEV COM 717046106 46,004 35,000 SH   SOLE   3,500 0 0
RAFAEL HOLDING COM 75062E106 6,039,653 420,296 SH   SOLE   420,296 0 0
SB ONE BANC COM 78413T103 398,827 20,245 SH   SOLE   20,245 0 0
SEABOARD CORP COM 811543107 36,514,324 12,446 SH   SOLE   12,446 0 0
STERLING BANCORP COM 85917A100 4,330,599 369,505 SH   SOLE   369,505 0 0
TRINITY PLACE HOLDINGS COM 89656D101 2,156,217 1,562,476 SH   SOLE   1,562,476 0 0
VERIZON COM 92343V104 993,167 18,015 SH   SOLE   18,015 0 0
VIEWRAY COM 92672L107 1,356,432 605,550 SH   SOLE   605,550 0 0
VALHI COM 918905100 9,054 864 SH   SOLE   864 0 0
VOXX INTERNATIONAL COM 91829F104 21,595,779 3,736,294 SH   SOLE   3,736,294 0 0
ZEDGE INC. COM 98923T104 236,178 159,581 SH   SOLE   159,581 0 0