Riding Out the Storm with Quality Stocks

Like Warren Buffett, Larry Coats of Oak Value Fund sticks with companies that are understood and valued. Top holding: Berkshire Hathaway

This summer's rumble on Wall Street doesn't faze Larry Coats, portfolio manager of the Durham (N.C.) Oak Value Fund (OAKVX). He has seen his share of ups and downs, and has learned to avoid companies heavily reliant on the credit markets.

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