It's not that simple and it's not a fact. I'm an advanced user of functional languages as well and have written an entire scheme implementation before. I only semi-agree. That's slightly disingenuous representation of functional languages which have more than a few pitfalls. They certainly aren't the silver bullet and they really do not scale to the same height and complexity of the problem domain as the OO languages do due to the nature of the abstraction you describe. Nothing is particularly explicit. I'd rather take the compromises of OO over the maintenance problems of a functional language.

String formats are data so they would be stored as constants so that they are interned. They can be stored in a const class which is a static class with no methods i.e.:

   sealed class StringFormats {
       public const DateFormatX = @"...";
   }

Also string formats for example tend to be owned by the respective objects so you can add overloads to the object to provide certain arbitrary representations. If the translation between an object and the string representation is complex, then you're really serializing it so that should be an abstracted concern.