The S&P 500 is down by about 5% since the beginning of August, and this has created some compelling investment opportunities. In this clip, Matt Frankel, CFP®, and Fool.com contributor Tyler Crowe discuss why they think Ally Financial (ALLY 0.41%) and A.O. Smith (AOS 0.47%) -- both of which are Berkshire Hathaway (BRK.A -0.76%) (BRK.B -0.69%) portfolio stocks -- are attractive now.

*Stock prices used were the afternoon prices of Oct. 12, 2023. The video was published on Oct. 13, 2023.