Please stay tuned for important disclosure information at the conclusion of this episode.

With the looming recession, is now a good time to consider investing in dividend stocks?

How would you spend $65 billion?

Well, we can't imagine what you'd do, but we'll tell you how Warren Buffett and Berkshire plan to spend theirs.

And guess who's back? Bob Iger at Disney,

that's who. This is Investing Insights. Welcome to the new Investing Insights. I'm your host, Ruth

Saldana. Let's get started with a look at your Morning Star headlines.

Berkshire Hathaway deserves a lot more credit for the investments that it's made this year.

For the past decade, investors have complained that the insurer has allowed excess cash buildup.

But now, Berkshire is spending. The company is on pace to use $12 billion on acquisitions

and $53 billion on stock investments in this year. Now Morningstar believes that Berkshire will get a lot of value out of the acquisition of the insurance company Allegheny in a deal that was completed last month. The insurer is now

part of the broader operations, something that we think the market doesn't fully appreciate.

While Berkshire shares have outperformed the broader market this year, they continue to trade at a

significant discount to what we think the stock is worth.

We think that's due to many factors, including the fact that the market is not giving Berkshire enough credit for the Allegheny acquisition, or the capital that the insurer has committed

to equities this year.

Dick's sporting goods rallied big in the third quarter, shaking off the threat of slowing

consumer spending due to inflation.

The company beat Morningstar's Thames Store sales estimates while continuing its run of strong

comparative sales growth in each of the previous October ending quarters.

Dix also matched our gross margin forecast while generously topping

our operating margin estimates. Like many apparel and footwear retailers, Dix entered the

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