Oak Value Fund’s Year End Letter

In a recently published letter to shareholders, the managers of Oak Value Fund explain their investment strategy, results for 2009, as well as the investment case for several current holdings. In addition, the managers comment on Berkshire Hathaway’s proposed acquisition of Burlington Northern Santa Fe. Oak Value has a solid long term track record despite a relatively high expense ratio demonstrating the benefits of a rigorous value-oriented approach. Two brief excerpts from the letter appear in this post.

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