The stock market of the eighties was a golden period. Insider trading was rampant. Information flow was selective and opportunities were many. I discovered South Indian shares that no one was tracking and very soon I was leading the charge in some of them. An imperfect market yielded irrational returns.

The art market of the nineties was more of the same. It was opaque, price discovery was a mystery, and liquidity was iffy. Quality was a subjective notion and some gatekeepers decided what was good enough. I reveled in this market, one of the very few imperfect ones that survive. I still do. There are opportunities galore to this day for those who can forsake their conservative training and embark on an aesthetic journey.

I see a similar future in the wine world.