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 21,420 7,000,000 SH   SOLE   7,000,000 0 0
Infosys Ltd ADR 456788108 24,336 1,435,766 SH   SOLE   1,435,766 0 0
Spark Networks SE ADR 846517100 458 86,000 SH   SOLE   86,000 0 0
Unilever PLC ADR ADR 904767704 14,644 242,614 SH   SOLE   183,014 0 59,600
Alphabet Inc. COM 02079K107 406,937 232,286 SH   SOLE   230,323 0 1,963
Altria Group Inc. COM 02209S103 922 22,500 SH   SOLE   0 0 22,500
Amerco COM 023586100 111,730 246,122 SH   SOLE   246,122 0 0
Anthem Inc. COM 036752103 128,033 398,746 SH   SOLE   398,746 0 0
Arcosa Inc. COM 039653100 26,537 483,099 SH   SOLE   483,099 0 0
BNY Mellon Corp. COM 064058100 161,085 3,795,597 SH   SOLE   3,795,597 0 0
Berkshire Hathaway A COM 084670108 21,912 63 SH   SOLE   33 0 30
Berkshire Hathaway B COM 084670702 45,232 195,075 SH   SOLE   169,645 0 25,430
Booking Hldgs Inc. Com COM 09857L108 364,787 163,782 SH   SOLE   163,782 0 0
Charles Schwab Corp COM 808513105 183,630 3,462,106 SH   SOLE   3,400,892 0 61,214
Cisco Systems Inc. COM 17275R102 126,561 2,828,169 SH   SOLE   2,828,169 0 0
Clorox Company COM 189054109 3,882 19,225 SH   SOLE   0 0 19,225
Coca-Cola Co. COM 191216100 351,154 6,403,245 SH   SOLE   6,265,345 0 137,900
Cognizant Technology Solutions COM 192446102 357,151 4,358,152 SH   SOLE   4,358,152 0 0
Colgate-Palmolive COM 194162103 110,778 1,295,500 SH   SOLE   1,238,800 0 56,700
Comcast Cl A COM 20030N101 78,920 1,506,100 SH   SOLE   1,460,100 0 46,000
ConocoPhillips COM 20825C104 61,199 1,530,349 SH   SOLE   1,529,599 0 750
Corning Inc. COM 219350105 42,710 1,186,394 SH   SOLE   1,186,394 0 0
Evolution Petroleum Corporatio COM 30049A107 470 165,000 SH   SOLE   165,000 0 0
Exxon Mobil Corp. COM 30231G102 56,397 1,368,195 SH   SOLE   1,367,795 0 400
First Hawaiian Inc. COM 32051X108 69,206 2,934,937 SH   SOLE   2,934,937 0 0
Firstcash Inc. Com COM 33767D105 39,089 558,100 SH   SOLE   558,100 0 0
Fox Corp A COM 35137L105 133,917 4,598,786 SH   SOLE   4,597,453 0 1,333
Fox Corp B COM 35137L204 262,124 9,076,330 SH   SOLE   9,015,997 0 60,333
Goldman Sachs Grp COM 38141G104 69,156 262,243 SH   SOLE   262,243 0 0
Graftech International LTD COM 384313508 57,238 5,369,398 SH   SOLE   5,369,398 0 0
Hershey Co. COM 427866108 1,554 10,200 SH   SOLE   0 0 10,200
Huntsman Corporation COM 447011107 169,271 6,733,145 SH   SOLE   6,733,145 0 0
Ingredion Inc COM 457187102 188,478 2,395,805 SH   SOLE   2,395,805 0 0
Johnson & Johnson COM 478160104 341,992 2,173,032 SH   SOLE   2,142,862 0 30,170
Legacy Housing Corporation COM 52472M101 1,061 70,250 SH   SOLE   70,250 0 0
MSC Industrial Direct Co. COM 553530106 107,542 1,274,343 SH   SOLE   1,274,343 0 0
Macy's Inc. COM 55616P104 282,980 25,153,751 SH   SOLE   25,153,751 0 0
Mastercard Inc. COM 57636Q104 3,312 9,280 SH   SOLE   0 0 9,280
Micron Technology Inc COM 595112103 53,264 708,487 SH   SOLE   708,487 0 0
Microsoft Corp. COM 594918104 410,152 1,844,041 SH   SOLE   1,799,031 0 45,010
News Corp CL B COM 65249B208 10,520 591,987 SH   SOLE   591,987 0 0
News Corp Cl A COM 65249B109 385,204 21,435,965 SH   SOLE   21,435,965 0 0
Oracle Corporation COM 68389X105 124,634 1,926,633 SH   SOLE   1,926,633 0 0
Otelco Inc. COM 688823301 390 34,031 SH   SOLE   34,031 0 0
PepsiCo, Inc. COM 713448108 481,193 3,244,727 SH   SOLE   3,176,977 0 67,750
Philip Morris Intl COM 718172109 1,946 23,501 SH   SOLE   0 0 23,501
Procter & Gamble COM 742718109 437,276 3,142,705 SH   SOLE   3,070,715 0 71,990
Ralph Lauren Corp COM 751212101 83,249 802,477 SH   SOLE   802,477 0 0
Reading International, Inc. COM 755408101 4,327 862,000 SH   SOLE   852,000 0 10,000
Spdr S&P 500 ETF COM 78462F103 769 2,056 SH   SOLE   2,056 0 0
State Street Corp COM 857477103 255,792 3,514,589 SH   SOLE   3,514,589 0 0
Stryker Corporation COM 863667101 5,592 22,821 SH   SOLE   22,821 0 0
Sysco Corporation COM 871829107 439,981 5,924,876 SH   SOLE   5,860,176 0 64,700
Tilly's, Inc. COM 886885102 1,379 169,000 SH   SOLE   19,000 0 150,000
Trecora Resources COM 894648104 4,446 636,023 SH   SOLE   620,000 0 16,023
Tyson Foods Inc COM 902494103 167,521 2,599,637 SH   SOLE   2,599,637 0 0
U.S. Bancorp COM 902973304 217,587 4,670,254 SH   SOLE   4,658,005 0 12,249
Valmont Industries Inc. COM 920253101 2,483 14,195 SH   SOLE   14,195 0 0
Waddell & Reed Financial Inc C COM 930059100 9,220 362,000 SH   SOLE   362,000 0 0
Walt Disney Company COM 254687106 427,020 2,356,885 SH   SOLE   2,299,437 0 57,448
Wells Fargo & Co COM 949746101 137,237 4,547,283 SH   SOLE   4,528,083 0 19,200