... on a vinyl rig, where you want to hear the horsehairs snap on a bow and the tears in the voice of a treble, I would spend the most on the turntable, then amp, then speakers. Most people don't understand that you cannot get back the detail lost at the source. I have heard top flight rigs with baby Wharfedales blow away bottom heavy set-ups.That is a position that is held by a lot of audiophiles, including some who posted earlier in this thread. However while it is true that you cannot get back detail that is lost at the source, it is also true that the source cannot restore detail that is lost by the speakers, or by any other component that is downstream from the source. Therefore while both points of view are correct, neither has any relevance to how funds should be allocated. A chain is as strong as its weakest link, regardless of where in the chain that link may be located.
Regarding the last sentence in the quote, I don't question your experience, but I would suggest that the percentage of available funding that should be allocated toward speakers can be expected to vary dramatically depending on the deep bass extension that is desired by the particular listener, and on the maximum volume level of dynamic peaks that the particular listener requires the speaker to be able to handle cleanly.
Regards,
-- Al