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 17,108 1,598,915 SH   SOLE   1,598,915 0 0
Unilever N.V. ADR 904784709 15,695 258,487 SH   SOLE   196,587 0 61,900
ARCOSA INC COM 039653100 24,314 646,135 SH   SOLE   646,135 0 0
Alphabet Inc. COM 02079K107 196,293 181,600 SH   SOLE   181,600 0 0
Altria Group Inc. COM 02209S103 1,065 22,500 SH   SOLE   0 0 22,500
Amerco COM 023586100 66,213 174,912 SH   SOLE   174,912 0 0
America's CAR MART Inc COM 03062T105 284 3,300 SH   SOLE   3,300 0 0
Anthem Inc. COM 036752103 209,212 741,333 SH   SOLE   741,333 0 0
BNY Mellon Corp. COM 064058100 159,722 3,617,712 SH   SOLE   3,617,712 0 0
Berkshire Hath A COM 084670108 20,693 65 SH   SOLE   35 0 30
Berkshire Hath B COM 084670702 26,335 123,541 SH   SOLE   98,411 0 25,130
Booking Hldgs Inc. Com COM 09857L108 398,993 212,829 SH   SOLE   212,829 0 0
CH Robinson WW COM 12541W209 329 3,900 SH   SOLE   0 0 3,900
Charles Schwab Corp COM 808513105 1,395 34,700 SH   SOLE   0 0 34,700
Cisco Systems Inc. COM 17275R102 252,313 4,610,142 SH   SOLE   4,564,142 0 46,000
Clorox Company COM 189054109 9,139 59,691 SH   SOLE   34,619 0 25,072
Coca-Cola Co. COM 191216100 666,548 13,090,104 SH   SOLE   12,969,204 0 120,900
Cognizant Technology Solutions COM 192446102 170,273 2,686,111 SH   SOLE   2,686,111 0 0
Colgate-Palmolive COM 194162103 90,132 1,257,600 SH   SOLE   1,200,000 0 57,600
Comcast Cl A COM 20030N101 78,324 1,852,500 SH   SOLE   1,797,800 0 54,700
ConocoPhillips COM 20825C104 136,257 2,233,717 SH   SOLE   2,232,967 0 750
Corning Inc. COM 219350105 40,550 1,220,297 SH   SOLE   1,220,297 0 0
Exxon Mobil Corp. COM 30231G102 176,094 2,297,976 SH   SOLE   2,297,576 0 400
Fox Corp A COM 35137L105 65,843 1,797,025 SH   SOLE   1,748,330 0 48,695
Fox Corp B COM 35137L204 271,702 7,437,772 SH   SOLE   7,393,708 0 44,064
Goldman Sachs Grp COM 38141G104 52,562 256,900 SH   SOLE   256,900 0 0
Graftech Internationsl LTD COM 384313508 17,661 1,535,754 SH   SOLE   1,535,754 0 0
Hershey Co. COM 427866108 1,273 9,500 SH   SOLE   0 0 9,500
Johnson & Johnson COM 478160104 651,240 4,675,761 SH   SOLE   4,645,341 0 30,420
Macy's Inc. COM 55616P104 237,280 11,056,832 SH   SOLE   11,056,832 0 0
Micron Technology Inc COM 595112103 20,261 525,045 SH   SOLE   525,045 0 0
Microsoft Corp. COM 594918104 429,564 3,206,658 SH   SOLE   3,159,748 0 46,910
News Corp Cl A COM 65249B109 20,414 1,513,275 SH   SOLE   1,513,275 0 0
Oracle Corporation COM 68389X105 481,823 8,457,482 SH   SOLE   8,457,482 0 0
Otelco Inc. COM 688823301 547 34,031 SH   SOLE   34,031 0 0
PepsiCo, Inc. COM 713448108 876,174 6,681,723 SH   SOLE   6,611,573 0 70,150
Philip Morris Intl COM 718172109 1,846 23,501 SH   SOLE   0 0 23,501
Procter & Gamble COM 742718109 1,040,419 9,488,547 SH   SOLE   9,405,697 0 82,850
Reading International, Inc. COM 755408101 2,802 215,850 SH   SOLE   205,850 0 10,000
SPDR S&P 500 ETF COM 78462F103 209 715 SH   SOLE   715 0 0
State Street Corp COM 857477103 147,777 2,636,045 SH   SOLE   2,636,045 0 0
Stryker Corporation COM 863667101 5,487 26,692 SH   SOLE   26,692 0 0
Sysco Corporation COM 871829107 289,574 4,094,660 SH   SOLE   4,029,110 0 65,550
U.S. Bancorp COM 902973304 248,804 4,748,169 SH   SOLE   4,734,870 0 13,299
Walt Disney Company COM 254687106 612,353 4,385,227 SH   SOLE   4,326,582 0 58,645
Wells Fargo & Co COM 949746101 95,628 2,020,871 SH   SOLE   1,975,071 0 45,800