The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith and technology editor and analyst Andrew Tonner discuss topics across the investing world.

In today's edition Austin discusses Starbuck's recent announcement that they will be adding beer and wine beverage options at a small handful of their locations. He talks about the pros and cons of this decision, and how it plays out over the long term.

Andrew Tonner has no positions in the stocks mentioned above. Austin Smith owns shares of McDonald's. The Motley Fool owns shares of Chipotle Mexican Grill and Starbucks. Motley Fool newsletter services recommend Chipotle Mexican Grill, McDonald's, and Starbucks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.