What I Learned From the Recession

The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editors and analysts Austin Smith and Brendan Byrnes discuss topics around the investing world.

In today's edition, Austin and Brendan try to distill the biggest lessons they learned from our recent recession. Austin's biggest lesson is that you have to buy quality, even if the stocks aren't trading at the same discount as other companies in their space.

If you're looking for one of these truly quality companies that Austin mentions in the video but that Wall Street still hasn't discovered, take a look at our special free report, "The Motley Fool's Top Stock for 2012," which lets investors uncover this soon-to-be rock star. The highlighted company is revolutionizing commerce in Latin America, and you can get instant access to the name of this company by clicking here to download the report now.

At the time thisarticle was published Austin Smith has no positions in the stocks mentioned above. Brendan Byrnes owns shares of Apple. The Motley Fool owns shares of Apple, Johnson & Johnson, and Microsoft.Motley Fool newsletter services recommendApple, Johnson & Johnson, Microsoft, and Procter & Gamble. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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