Speculation or investment in the past has been enormously valuable to the market, it has aided price discovery and liquidity, securing certainty and longevity in the market. This all helps the growers to continue to invest in producing improving quality crops and provides the motivation to make "age-worthy" wines.
Despite the political rhetoric, if current economic policies continue broadly as they are, the UK economy does not have a bright future. In my view, and that of many others, our economy has at least five big problems. These major challenges will end the current upturn probably shortly after the 2015 general election, no matter who wins.
Pensions are still regarded as incredibly complicated, scary and boring. We need to dispel the myth that investing in a pension scheme is hard work. For the woman at the party, the advantages of receiving valuable matching contributions from her employer had not got through. She had lost out on 10 years' free money between the ages of 25 to 35.
Of course, it seems absurd to many that the world is concerned about Chinese growth slowing from 7% to 10%. But most countries in Europe would kill to achieve any growth at all at this point. The UK seems to be the exception in Europe with the IMF predicting that UK growth will be 3.2% in 2014, falling to 2.7 % in 2015.
The quality of European universities and their campuses not only affects policy agendas of education, research and innovation. It also affects Europe's position in the global competition for the best students and professors (the global 'battle for brains'), and the wider competitive advantage, productivity, profitability and sustainable development of Europe.
In 2013, the government deficit, according to the latest available Office for National Statistics (ONS) figures, was £92.9billion, which was 5.8% of GDP. All our major political parties are fixated on getting this deficit down by cutting expenditure and raising taxes. But should they be quite so determined to do so? Is austerity really the best way to cut the deficit?
When all things are taken into account, the UK is investing almost nothing in its economic future. The Coalition government may have conjured some temporary growth, but this will disappear without much more new investment and if we want to avoid long-term decline we need to act right now. The hard fact is that productivity growth in the UK has ground to a halt and there's a very simple reason for this: the UK, for the first time since the start of the Industrial Revolution, has virtually stopped investing in the type of economic activities which are capable of delivering increases in output per head of the population.
If you have some collateral, that doesn't mean you shouldn't invest. And I may have a solution for you - dealing in modern art and vintage late twentieth-century furniture. You may think this is the reserve of the posh and rich. But, as a one-time working-class lad from East London, I can tell you it absolutely is not.