The following video is part of our "Motley Fool Conversations" series, in which analyst Paul Chi and senior analyst Matt Argersinger discuss topics around the investing world.

In today's edition, Matt interviews Paul to find out what stock he'd like to own one day. Paul's stock is Diageo, the owner of well-known brands such as Crown Royal, Johnnie Walker, Captain Morgan, Bailey's, Smirnoff, Guinness, and more. While investors would probably do OK over the long term even at today's price, Paul prefers to wait for a pullback to buy this company.

Matt Argersinger has no positions in the stocks mentioned above. Paul Chi owns shares of Coca-Cola. The Motley Fool owns shares of Beam, Diageo, Fortune Brands Home Security, and Coca-Cola. Motley Fool newsletter services recommend Beam, Diageo, and Coca-Cola. Try any of our Foolish newsletter services free for 30 days. We Fools don;t 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.