Yes, but even subjective judgements are invalid if they're not based on objective differences.
If you reliably prefer white wines in blind tastings and I reliably prefer reds, that's valid. But if we both claim a preference but can't actually identify which is which, our preferences themselves are invalid.
Or at least, we've learned that our true preference is "I like the experience of tasting a wine that I have seen is X color."
Perhaps the truth is sometimes "I enjoy consuming something that I have been told is expensive." It would at least be enlightening to know that about ourselves.