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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.