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	  <link:definition>00000010 - Disclosure - Note 3. Earnings Per Share</link:definition>
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	  <link:definition>00000011 - Disclosure - Note 4. Investments</link:definition>
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	  <link:definition>00000012 - Disclosure - Note 5. Investment Partnerships</link:definition>
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	  <link:definition>00000013 - Disclosure - Note 6. Consolidated Affiliated Partnerships</link:definition>
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	  <link:definition>00000014 - Disclosure - Note 7. Other Current Assets</link:definition>
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	  <link:definition>00000015 - Disclosure - Note 8. Property and Equipment</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:definition>00000016 - Disclosure - Note 9. Goodwill and Other Intangibles</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:definition>00000017 - Disclosure - Note 10. Other Assets</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:definition>00000018 - Disclosure - Note 11. Borrowings</link:definition>
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	  <link:definition>00000019 - Disclosure - Note 12. Other Long-term Liabilities</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:definition>00000020 - Disclosure - Note 13. Accumulated Other Comprehensive Income</link:definition>
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	  <link:definition>00000021 - Disclosure - Note 14. Income Taxes</link:definition>
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	  <link:definition>00000022 - Disclosure - Note 15. Commitments and Contingencies</link:definition>
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	  <link:definition>00000023 - Disclosure - Note 16. Fair Value of Financial Assets and Liabilities</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:definition>00000024 - Disclosure - Note 17. Related Party Transactions</link:definition>
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	  <link:definition>00000025 - Disclosure - Note 18. Business Segment Reporting</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	  <link:definition>00000026 - Disclosure - Note 19. Subsequent Events</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:definition>00000027 - Disclosure - Note 1. Summary of Significant Accounting Policies (Policies)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:definition>00000028 - Disclosure - Note 3. Earnings Per Share (Tables)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note4.InvestmentsTables" id="Note4.InvestmentsTables">
	  <link:definition>00000029 - Disclosure - Note 4. Investments (Tables)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsTables" id="Note5.InvestmentPartnershipsTables">
	  <link:definition>00000030 - Disclosure - Note 5. Investment Partnerships (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note6.ConsolidatedAffiliatedPartnershipsTables" id="Note6.ConsolidatedAffiliatedPartnershipsTables">
	  <link:definition>00000031 - Disclosure - Note 6. Consolidated Affiliated Partnerships (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note8.PropertyAndEquipmentTables" id="Note8.PropertyAndEquipmentTables">
	  <link:definition>00000032 - Disclosure - Note 8. Property and Equipment (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note9.GoodwillAndOtherIntangiblesTables" id="Note9.GoodwillAndOtherIntangiblesTables">
	  <link:definition>00000033 - Disclosure - Note 9. Goodwill and Other Intangibles (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note13.AccumulatedOtherComprehensiveIncomeTables" id="Note13.AccumulatedOtherComprehensiveIncomeTables">
	  <link:definition>00000034 - Disclosure - Note 13. Accumulated Other Comprehensive Income (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note16.FairValueOfFinancialAssetsAndLiabilitiesTables" id="Note16.FairValueOfFinancialAssetsAndLiabilitiesTables">
	  <link:definition>00000035 - Disclosure - Note 16. Fair Value of Financial Assets and Liabilities (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note18.BusinessSegmentReportingTables" id="Note18.BusinessSegmentReportingTables">
	  <link:definition>00000036 - Disclosure - Note 18. Business Segment Reporting (Tables)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note3.ScheduleOfEarningsPerShareReconciliationDetails" id="Note3.ScheduleOfEarningsPerShareReconciliationDetails">
	  <link:definition>00000037 - Disclosure - Note 3. Schedule of Earnings Per Share Reconciliation (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note4.ScheduleOfFairValueOfInvestmentsDetails" id="Note4.ScheduleOfFairValueOfInvestmentsDetails">
	  <link:definition>00000038 - Disclosure - Note 4. Schedule of fair value of Investments (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note5.FairValueAndCarryingValueOfPartnershipInterestDetails" id="Note5.FairValueAndCarryingValueOfPartnershipInterestDetails">
	  <link:definition>00000039 - Disclosure - Note 5. Fair value and carrying value of partnership interest (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note5.SummarizedFinancialInformationForEquityInInvestmentPartnershipsDetails" id="Note5.SummarizedFinancialInformationForEquityInInvestmentPartnershipsDetails">
	  <link:definition>00000040 - Disclosure - Note 5. Summarized financial information for Equity in Investment Partnerships (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note5.InvestmentPartnershipsDetailsNarrative" id="Note5.InvestmentPartnershipsDetailsNarrative">
	  <link:definition>00000041 - Disclosure - Note 5. Investment Partnerships (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note6.ScheduleOfGainlossesOnAffiliatedPartnershipDetails" id="Note6.ScheduleOfGainlossesOnAffiliatedPartnershipDetails">
	  <link:definition>00000042 - Disclosure - Note 6. Schedule of gain/losses on affiliated partnership (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	  <link:definition>00000043 - Disclosure - Note 6. Schedule of redeemable noncontrolling interest (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note6.ConsolidatedAffiliatedPartnershipsDetailsNarrative" id="Note6.ConsolidatedAffiliatedPartnershipsDetailsNarrative">
	  <link:definition>00000044 - Disclosure - Note 6. Consolidated Affiliated Partnerships (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note8.ScheduleOfPropertyPlantAndEquipmentDetails" id="Note8.ScheduleOfPropertyPlantAndEquipmentDetails">
	  <link:definition>00000045 - Disclosure - Note 8. Schedule of Property, Plant and Equipment (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note9.ScheduleOfIntangibleAssetsDetails" id="Note9.ScheduleOfIntangibleAssetsDetails">
	  <link:definition>00000046 - Disclosure - Note 9. Schedule Of Intangible Assets (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note9.GoodwillAndOtherIntangiblesDetailsNarrative" id="Note9.GoodwillAndOtherIntangiblesDetailsNarrative">
	  <link:definition>00000047 - Disclosure - Note 9. Goodwill and Other Intangibles (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note11.BorrowingsDetailsNarrative" id="Note11.BorrowingsDetailsNarrative">
	  <link:definition>00000048 - Disclosure - Note 11. Borrowings (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note13.AccumulatedOtherComprehensiveIncomeDetails" id="Note13.AccumulatedOtherComprehensiveIncomeDetails">
	  <link:definition>00000049 - Disclosure - Note 13. Accumulated Other Comprehensive Income (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note13.AccumulatedOtherComprehensiveIncomeDetails1" id="Note13.AccumulatedOtherComprehensiveIncomeDetails1">
	  <link:definition>00000050 - Disclosure - Note 13. Accumulated Other Comprehensive Income (Details 1)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note14.IncomeTaxesDetailsNarrative" id="Note14.IncomeTaxesDetailsNarrative">
	  <link:definition>00000051 - Disclosure - Note 14. Income Taxes (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://biglariholdings.com/role/Note16.ScheduleOfFairValueAssetsAndLiabilitiesDetails" id="Note16.ScheduleOfFairValueAssetsAndLiabilitiesDetails">
	  <link:definition>00000052 - Disclosure - Note 16. Schedule Of Fair Value Assets And Liabilities (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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