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 18,192 1,600,034 SH   SOLE   1,600,034 0 0
Spark Networks SE ADR 846517100 1,217 220,000 SH   SOLE   220,000 0 0
Unilever N.V. ADR 904784709 15,433 257,095 SH   SOLE   195,195 0 61,900
ARCOSA INC COM 039653100 22,004 643,194 SH   SOLE   643,194 0 0
Alphabet Inc. COM 02079K107 221,356 181,588 SH   SOLE   181,588 0 0
Altria Group Inc. COM 02209S103 920 22,500 SH   SOLE   0 0 22,500
Amerco COM 023586100 69,524 178,249 SH   SOLE   178,249 0 0
America's CAR MART Inc COM 03062T105 303 3,300 SH   SOLE   3,300 0 0
Anthem Inc. COM 036752103 177,728 740,224 SH   SOLE   740,224 0 0
BNY Mellon Corp. COM 064058100 163,637 3,619,476 SH   SOLE   3,619,476 0 0
Berkshire Hath A COM 084670108 20,269 65 SH   SOLE   35 0 30
Berkshire Hath B COM 084670702 26,396 126,892 SH   SOLE   101,762 0 25,130
Booking Hldgs Inc. Com COM 09857L108 417,787 212,873 SH   SOLE   212,873 0 0
CH Robinson WW COM 12541W209 331 3,900 SH   SOLE   0 0 3,900
Charles Schwab Corp COM 808513105 1,452 34,700 SH   SOLE   0 0 34,700
Cisco Systems Inc. COM 17275R102 222,070 4,494,438 SH   SOLE   4,449,038 0 45,400
Clorox Company COM 189054109 8,935 58,830 SH   SOLE   33,758 0 25,072
Coca-Cola Co. COM 191216100 549,166 10,087,543 SH   SOLE   9,967,043 0 120,500
Cognizant Technology Solutions COM 192446102 163,651 2,715,515 SH   SOLE   2,715,515 0 0
Colgate-Palmolive COM 194162103 92,446 1,257,600 SH   SOLE   1,200,000 0 57,600
Comcast Cl A COM 20030N101 82,104 1,821,300 SH   SOLE   1,767,000 0 54,300
ConocoPhillips COM 20825C104 127,086 2,230,369 SH   SOLE   2,229,619 0 750
Corning Inc. COM 219350105 34,802 1,220,252 SH   SOLE   1,220,252 0 0
Exxon Mobil Corp. COM 30231G102 162,109 2,295,836 SH   SOLE   2,295,436 0 400
Fox Corp A COM 35137L105 78,607 2,492,697 SH   SOLE   2,444,002 0 48,695
Fox Corp B COM 35137L204 243,584 7,723,034 SH   SOLE   7,678,970 0 44,064
Goldman Sachs Grp COM 38141G104 53,237 256,900 SH   SOLE   256,900 0 0
Graftech International LTD COM 384313508 30,219 2,360,831 SH   SOLE   2,360,831 0 0
Hershey Co. COM 427866108 1,472 9,500 SH   SOLE   0 0 9,500
Johnson & Johnson COM 478160104 597,279 4,616,467 SH   SOLE   4,586,047 0 30,420
MSC Industrial Direct Co. COM 553530106 13,431 185,182 SH   SOLE   185,182 0 0
Macy's Inc. COM 55616P104 369,260 23,761,884 SH   SOLE   23,761,884 0 0
Micron Technology Inc COM 595112103 21,581 503,638 SH   SOLE   503,638 0 0
Microsoft Corp. COM 594918104 425,748 3,062,273 SH   SOLE   3,015,363 0 46,910
News Corp Cl A COM 65249B109 155,027 11,137,008 SH   SOLE   11,137,008 0 0
Oracle Corporation COM 68389X105 441,524 8,023,341 SH   SOLE   8,023,341 0 0
Otelco Inc. COM 688823301 404 34,031 SH   SOLE   34,031 0 0
PepsiCo, Inc. COM 713448108 801,292 5,844,577 SH   SOLE   5,774,627 0 69,950
Philip Morris Intl COM 718172109 1,784 23,501 SH   SOLE   0 0 23,501
Procter & Gamble COM 742718109 792,669 6,372,961 SH   SOLE   6,290,311 0 82,650
Reading International, Inc. COM 755408101 2,727 228,000 SH   SOLE   218,000 0 10,000
SPDR S&P 500 ETF COM 78462F103 438 1,477 SH   SOLE   1,477 0 0
State Street Corp COM 857477103 254,401 4,298,033 SH   SOLE   4,298,033 0 0
Stryker Corporation COM 863667101 5,583 25,810 SH   SOLE   25,810 0 0
Sysco Corporation COM 871829107 320,324 4,034,313 SH   SOLE   3,968,763 0 65,550
U.S. Bancorp COM 902973304 262,284 4,739,504 SH   SOLE   4,726,205 0 13,299
Walt Disney Company COM 254687106 561,272 4,306,872 SH   SOLE   4,248,495 0 58,377
Wells Fargo & Co COM 949746101 102,008 2,022,365 SH   SOLE   1,976,565 0 45,800