What componant degrades the signal least/most?

Speakers, definitely.

Agree 100% with Karls and the others that said speakers, If you count the room as a component, then it's the room hands down.

I prefer to look at it in the context of a system, as opposed to an absolute. In any system, there is a group of components contributing/detracting from the sound. In that system, there is a "bottleneck" somewhere, that is doing the most damage. Even in the best systems, there is some component that is not as good as the rest. While it may seem likely that the speaker is the culprit, that may not be the case. You may have a great speaker, then what? It may lie in the preamp, or the amp, or a cable run, or, horror of horrors, even the source.

The reasons that I state this in a system context, is that no system is perfect, and to state an absolute about what component strays from perfection the most, misses the point. I am quite aware that in my system, my preamp is the bottleneck, even though it is quite a nice preamp. I can't afford to upgrade it right now, but my speakers, amp and TT clearly are better than my preamp, and when I upgrade next, that is where the money is going.

So I say that the component that degrades the signal the most is the one that is the bottleneck in YOUR system. There always is one. When you reach a point where you might have a contender for the best speaker in the world, then you really can't do any better there, and you have to look elsewhere for your problem. If/when you reach a point where all the components are state-of-the-art, then you have to look at even smaller bits to find the bottlenecks, like connectors, and power, and resistors and caps, and internal wiring, etc., to find your improvements. You can never really reach the end of "perfection" so it is a constant challenge. Maybe if the system is near perfect, then the room needs upgrading. It never ends.

I realize that this is a different angle than the others here took, but I think it is a valid way to look at it realistically.

Ohlala...at first I thought your remark about Circadian rhythms was off the wall, but on second thought I suspect there is some truth in it. However, the effect acts on your ears and brain rather than on the audio hardware. I know that my eyesight varies from day to day, and there is no reason to believe that hearing doesn't vary also.

Note also that your ears are transducers.

TWL, I realize there are going to be some gross generalizations with a question like this, but I thought it would be interesting to get the opinions of those who have given it some thought. I don't know if it is possible to get an answer as much as to get opinions.

Since I employ solid state equipment and use a big complicated Krell amp, I think my amp probably degrades the signal the most. This is due to the volume of curcuitry not a design flaw in the amp. I like the amp very much, but if I must be honest, that's where I look.

Generally speaking, speakers are fairly simple products. Most speakers have crossovers which are very simple compared to an amp, pre-amp or CDP.

For this reason, inspite of all the fingers pointed, I doubt that the speakers are as much to blame as the very complex componants previous to them in the chain. The more a signal encounters 'connections' the more it is degraded.

These generalizations are probably specific to my system. Since I doubt that there is anyone else here who has the same system, I'm not sure how much the comments are worth, but it helps the system development process to consider these things.

For me, it is helpful to take a different perspective when examining this. That way the desicion of which componant to upgrade next isn't as whimsical as the next good deal I stumble across.

For me the next purchase will probably be TT, but who knows? I would like to do some work on the room.