Volatility is once again roiling the market as we enter 2023's final quarter, and investors now get an opportunity to capitalize by pouncing on high-quality companies that got hit with valuation pressures.

With that in mind, two Motley Fool contributors identified discounted stocks that could deliver big wins over the long term. Here's why they think taking a buy-and-hold approach to these two companies at today's prices will be a path to scoring stellar long-term returns.

Marc Rapport: Realty Income (NYSE: O) has seen its share price plummet by more than 20% this year as high interest rates and recession jitters hammered valuations in commercial real estate. The stock now trades down 37% from its high.

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Source Fool.com