Amid rising interest rates and a tumultuous geopolitical climate, the stock market has been in a slump over the past year. In uncertain times, investors may hesitate to put their cash into the market, but historically speaking, these are often the best times to do so.

One stock that I have my eye on is also a position that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has been buying hand over fist. From my point of view, it's a rare investment that provides a hefty dividend and has growth potential.

Here's why the entertainment conglomerate Paramount Global (NASDAQ: PARA) (NASDAQ: PARA.A) is the next stock I will buy.

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Source Fool.com