I generally disagree with your friend. I've had the new (a Krell, Conrad Johnson) but I've kept the classics. I'm a fan of vintage Yamaha. Have had a CR1020 integrated since purchased new in 1979 and an MX1000U amp/CX1000U preamp with the family equalizer since the 80's.
Everything works terrifically. The CR1020 drives a pair of JBL L65s and the amp/preamp 1000s drive 4, McIntosh XR7s and 2, XR5s in a wonderfully pleasing manner across all music genre. [Admittedly the JBLs are better with rock and heavier jazz recordings.]
I have found that gaining similar performance would truly require a seriously greater investment. When serious musicians and audiophile friends hear my main system they are taken aback. It's about the music and the music sounds absolutely fantastic, especially for the investment.
Buying vintage wisely is really not that different than purchasing new equipment. One key exception: the investment risk is greater with new equipment.
Resell a piece of new equipment and in most cases the discount one had to offer from that paid is quite notable.
Everything works terrifically. The CR1020 drives a pair of JBL L65s and the amp/preamp 1000s drive 4, McIntosh XR7s and 2, XR5s in a wonderfully pleasing manner across all music genre. [Admittedly the JBLs are better with rock and heavier jazz recordings.]
I have found that gaining similar performance would truly require a seriously greater investment. When serious musicians and audiophile friends hear my main system they are taken aback. It's about the music and the music sounds absolutely fantastic, especially for the investment.
Buying vintage wisely is really not that different than purchasing new equipment. One key exception: the investment risk is greater with new equipment.
Resell a piece of new equipment and in most cases the discount one had to offer from that paid is quite notable.