| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 17 SHARES BERKHSIRE HATHAWAY | 1,558,256 | 3,842,000 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ALTAROCK FUND L.P. | AT COST | 1,330,881 | 1,561,655 |
| GOODNOW, GRAY & CO. | AT COST | 763,878 | 1,324,492 |
| OLD KING'S CAPITAL LP | AT COST | 1,410,743 | 2,585,095 |
| RUANE CUNNIFF & GOLDFARB: Managed Account | AT COST | 2,419,382 | 3,022,776 |
| TIGER GLOBAL LP | AT COST | 1,236,206 | 1,678,990 |
| BAY POND PARTNERS | AT COST | 1,380,000 | 2,800,995 |
| CAMCAP ENERGY RESOURCES OFFSHORE LTD | AT COST | 54,141 | 51,207 |
| CAMCAP RESOURCES OFFSHORE FUND LP | AT COST | 107,513 | 44,721 |
| DISCOVERY GLOBAL OPPORTUNITY FUND LTD | AT COST | 1,325,000 | 2,728,521 |
| AKO FUND LTD | AT COST | 980,000 | 1,212,737 |
| EAST SIDE CAPITAL | AT COST | 1,680,000 | 2,331,212 |
| AKO EUROPEAN LONG ONLY FUND | AT COST | 900,000 | 1,222,497 |
| TIGER RATAN CAPITAL FUND LP | AT COST | 2,300,000 | 2,742,885 |
| TIGER GLOBAL LONG ONLY FUND | AT COST | 540,000 | 540,000 |
| TIGER GLOBAL INTERNET OPP. FUND | AT COST | 360,000 | 360,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Ruane Cunniff & Goldfarb: Management Fee | 27,741 | 27,741 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FROM PARTNERSHIP ALTAROCK FUND | -9,863 | -9,863 | -9,863 |
| FROM PARTNERSHIP - GOODNOW, GRAY & CO. | -14,279 | -14,279 | -14,279 |
| FROM PARTNERSHIP - OLD KING'S CAPITAL LP | -53,447 | -53,447 | -53,447 |
| FROM PARTNERSHIP - TIGER GLOBAL LP | -80,644 | -80,644 | -80,644 |
| Description | Amount |
|---|---|
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Federal Excise Tax | 20,000 | 0 | 0 | |
| Foreign Tax Withheld THROUGH Partnership | 1,920 | 1,920 | 0 |