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
Ambev SSA ADR 02319V103 15,820 7,000,000 SH   SOLE   7,000,000 0 0
Infosys Ltd ADR 456788108 20,679 1,497,421 SH   SOLE   1,497,421 0 0
Spark Networks SE ADR 846517100 421 86,000 SH   SOLE   86,000 0 0
Unilever N.V. ADR 904784709 15,045 249,088 SH   SOLE   189,488 0 59,600
Alphabet Inc. COM 02079K107 344,601 234,486 SH   SOLE   232,523 0 1,963
Altria Group Inc. COM 02209S103 869 22,500 SH   SOLE   0 0 22,500
Amerco COM 023586100 90,800 255,071 SH   SOLE   255,071 0 0
Anthem Inc. COM 036752103 107,381 399,794 SH   SOLE   399,794 0 0
Arcosa Inc. COM 039653100 22,446 509,086 SH   SOLE   509,086 0 0
BNY Mellon Corp. COM 064058100 130,523 3,800,898 SH   SOLE   3,800,898 0 0
Berkshire Hath A COM 084670108 20,160 63 SH   SOLE   33 0 30
Berkshire Hath B COM 084670702 42,295 198,623 SH   SOLE   173,193 0 25,430
Booking Hldgs Inc. Com COM 09857L108 283,607 165,786 SH   SOLE   165,786 0 0
Charles Schwab Corp COM 808513105 1,601 44,200 SH   SOLE   0 0 44,200
Cisco Systems Inc. COM 17275R102 113,020 2,869,251 SH   SOLE   2,869,251 0 0
Clorox Company COM 189054109 4,041 19,225 SH   SOLE   0 0 19,225
Coca-Cola Co. COM 191216100 320,440 6,490,586 SH   SOLE   6,352,686 0 137,900
Cognizant Technology Solutions COM 192446102 305,663 4,403,093 SH   SOLE   4,403,093 0 0
Colgate-Palmolive COM 194162103 99,827 1,293,929 SH   SOLE   1,237,229 0 56,700
Comcast Cl A COM 20030N101 69,373 1,499,636 SH   SOLE   1,453,536 0 46,100
ConocoPhillips COM 20825C104 49,699 1,513,367 SH   SOLE   1,512,617 0 750
Corning Inc. COM 219350105 38,494 1,187,707 SH   SOLE   1,187,707 0 0
Exxon Mobil Corp. COM 30231G102 46,899 1,366,137 SH   SOLE   1,365,737 0 400
First Hawaiian Inc. COM 32051X108 42,863 2,962,227 SH   SOLE   2,962,227 0 0
Firstcash Inc. Com COM 33767D105 31,774 555,400 SH   SOLE   555,400 0 0
Fox Corp A COM 35137L105 195,648 7,030,114 SH   SOLE   7,028,781 0 1,333
Fox Corp B COM 35137L204 313,604 11,212,149 SH   SOLE   11,151,816 0 60,333
Goldman Sachs Grp COM 38141G104 52,578 261,619 SH   SOLE   261,619 0 0
Graftech International LTD COM 384313508 37,957 5,549,239 SH   SOLE   5,549,239 0 0
Hershey Co. COM 427866108 1,462 10,200 SH   SOLE   0 0 10,200
Huntsman Corporation COM 447011107 151,998 6,843,665 SH   SOLE   6,843,665 0 0
Ingredion Inc COM 457187102 67,485 891,712 SH   SOLE   891,712 0 0
Johnson & Johnson COM 478160104 328,573 2,206,963 SH   SOLE   2,176,793 0 30,170
Legacy Housing Corporation COM 52472M101 961 70,250 SH   SOLE   70,250 0 0
MSC Industrial Direct Co. COM 553530106 82,861 1,309,432 SH   SOLE   1,309,432 0 0
Macy's Inc. COM 55616P104 200,022 35,091,662 SH   SOLE   35,091,662 0 0
Mastercard Inc. COM 57636Q104 3,138 9,280 SH   SOLE   0 0 9,280
Micron Technology Inc COM 595112103 32,516 692,419 SH   SOLE   692,419 0 0
Microsoft Corp. COM 594918104 396,697 1,886,071 SH   SOLE   1,841,051 0 45,020
News Corp CL B COM 65249B208 9,515 680,650 SH   SOLE   680,650 0 0
News Corp Cl A COM 65249B109 303,997 21,683,122 SH   SOLE   21,683,122 0 0
Oracle Corporation COM 68389X105 116,939 1,958,785 SH   SOLE   1,958,785 0 0
Otelco Inc. COM 688823301 390 34,031 SH   SOLE   34,031 0 0
PepsiCo, Inc. COM 713448108 457,959 3,304,176 SH   SOLE   3,236,426 0 67,750
Philip Morris Intl COM 718172109 1,762 23,501 SH   SOLE   0 0 23,501
Procter & Gamble COM 742718109 454,858 3,272,595 SH   SOLE   3,200,605 0 71,990
Ralph Lauren Corp COM 751212101 54,886 807,506 SH   SOLE   807,506 0 0
Reading International, Inc. COM 755408101 2,776 862,000 SH   SOLE   852,000 0 10,000
Spdr S&P 500 ETF COM 78462F103 235 701 SH   SOLE   701 0 0
State Street Corp COM 857477103 210,774 3,552,562 SH   SOLE   3,552,562 0 0
Stryker Corporation COM 863667101 5,017 24,078 SH   SOLE   24,078 0 0
Sysco Corporation COM 871829107 374,053 6,011,776 SH   SOLE   5,947,076 0 64,700
TD Ameritrade Hldg Corp COM 87236Y108 615 15,700 SH   SOLE   0 0 15,700
Tilly's, Inc. COM 886885102 1,218 202,000 SH   SOLE   52,000 0 150,000
Trecora Resources COM 894648104 2,567 418,000 SH   SOLE   418,000 0 0
U.S. Bancorp COM 902973304 167,863 4,682,369 SH   SOLE   4,669,070 0 13,299
Valmont Industries Inc. COM 920253101 1,803 14,520 SH   SOLE   14,520 0 0
Waddell & Reed Financial Inc C COM 930059100 6,608 445,000 SH   SOLE   445,000 0 0
Walt Disney Company COM 254687106 379,630 3,059,557 SH   SOLE   3,002,109 0 57,448
Wells Fargo & Co COM 949746101 107,514 4,573,103 SH   SOLE   4,553,903 0 19,200