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
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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
Infosys Ltd ADR 456788108 99,106 9,067,325 SH   SOLE   9,067,325 0 0
Unilever N.V. ADR 904784709 14,956 256,575 SH   SOLE   194,675 0 61,900
ARCOSA INC COM 039653100 24,860 813,747 SH   SOLE   813,747 0 0
Alphabet Inc. COM 02079K107 212,783 181,353 SH   SOLE   181,353 0 0
Altria Group Inc. COM 02209S103 1,436 25,000 SH   SOLE   0 0 25,000
Amerco COM 023586100 66,313 178,495 SH   SOLE   178,495 0 0
America's CAR MART Inc COM 03062T105 502 5,500 SH   SOLE   5,500 0 0
Anthem Inc. COM 036752103 214,094 746,024 SH   SOLE   746,024 0 0
Avon Products, Inc. COM 054303102 45,115 15,345,092 SH   SOLE   15,343,092 0 2,000
BNY Mellon Corp. COM 064058100 182,833 3,625,480 SH   SOLE   3,625,480 0 0
Berkshire Hath A COM 084670108 19,579 65 SH   SOLE   35 0 30
Berkshire Hath B COM 084670702 24,253 120,726 SH   SOLE   94,584 0 26,142
Booking Hldgs Inc. Com COM 09857L108 371,090 212,670 SH   SOLE   212,670 0 0
CH Robinson WW COM 12541W209 339 3,900 SH   SOLE   0 0 3,900
Cisco Systems Inc. COM 17275R102 251,729 4,662,509 SH   SOLE   4,590,109 0 72,400
Clorox Company COM 189054109 10,018 62,432 SH   SOLE   34,360 0 28,072
Coca-Cola Co. COM 191216100 616,769 13,161,957 SH   SOLE   13,041,057 0 120,900
Cognizant Technology Solutions COM 192446102 98,282 1,356,552 SH   SOLE   1,356,552 0 0
Colgate-Palmolive COM 194162103 86,881 1,267,600 SH   SOLE   1,210,000 0 57,600
Comcast Cl A COM 20030N101 74,663 1,867,500 SH   SOLE   1,812,800 0 54,700
ConocoPhillips COM 20825C104 149,718 2,243,297 SH   SOLE   2,242,547 0 750
Corning Inc. COM 219350105 41,455 1,252,406 SH   SOLE   1,252,406 0 0
Exxon Mobil Corp. COM 30231G102 185,614 2,297,201 SH   SOLE   2,296,801 0 400
Fox Corp A COM 35137L105 66,247 1,804,616 SH   SOLE   1,755,920 0 48,696
Fox Corp B COM 35137L204 250,538 6,982,674 SH   SOLE   6,938,609 0 44,065
Goldman Sachs Grp COM 38141G104 49,322 256,900 SH   SOLE   256,900 0 0
Graftech Internationsl LTD COM 384313508 1,074 84,000 SH   SOLE   84,000 0 0
Hershey Co. COM 427866108 1,091 9,500 SH   SOLE   0 0 9,500
Johnson & Johnson COM 478160104 659,782 4,719,806 SH   SOLE   4,689,386 0 30,420
Micron Technology Inc COM 595112103 21,566 521,799 SH   SOLE   521,799 0 0
Microsoft Corp. COM 594918104 387,843 3,288,475 SH   SOLE   3,240,965 0 47,510
Oracle Corporation COM 68389X105 508,417 9,465,958 SH   SOLE   9,465,958 0 0
Otelco Inc. COM 688823301 558 34,031 SH   SOLE   34,031 0 0
PepsiCo, Inc. COM 713448108 917,468 7,486,482 SH   SOLE   7,415,832 0 70,650
Philip Morris Intl COM 718172109 2,298 26,001 SH   SOLE   0 0 26,001
Procter & Gamble COM 742718109 1,146,135 11,015,235 SH   SOLE   10,932,385 0 82,850
Reading International, Inc. COM 755408101 1,863 116,705 SH   SOLE   106,705 0 10,000
SPDR S&P 500 ETF COM 78462F103 202 715 SH   SOLE   715 0 0
State Street Corp COM 857477103 171,752 2,609,815 SH   SOLE   2,609,815 0 0
Stryker Corporation COM 863667101 5,236 26,508 SH   SOLE   26,508 0 0
Sysco Corporation COM 871829107 277,419 4,155,469 SH   SOLE   4,089,919 0 65,550
U.S. Bancorp COM 902973304 228,048 4,732,277 SH   SOLE   4,718,678 0 13,599
Walt Disney Company COM 254687106 507,066 4,566,930 SH   SOLE   4,507,989 0 58,942
Wells Fargo & Co COM 949746101 97,693 2,021,790 SH   SOLE   1,983,890 0 37,900