Speaker priority: high or low???


I have been reading the threads here for some time and following many of the discussions. During an interchange with another well known AudiogoNer we were commenting on peoples tastes and priorities. The discussion turned to speakers and he made the comment "many people on AudiogoN still think that speakers are the most important piece of the system." I was floored by his statement.
I'm not trying to start a fight with anyone and people can see what I have previously posted about this and other subjects, BUT are there still a lot of people that share this opinion?
Do you think the most important componant is your speakers? If not, what do you consider to be the most important? Why do you place so much emphasis on this componant?
128x128nrchy
Karls,

As usual, your post is very well written and well thought-out. I enjoy your posts quite a bit.

Something you wrote made my one eyebrow go up:

"There is a reason that full-range electrostatics sound so good, and it is that they avoid most of the problems I just mentioned. Of course, they have a whole new set of problems, most of which revolve around unsolvable room interactions, which is why most people don't put up with them."

Could you elaborate on the "unsolvable room problems" of full-range electrostats? I confess to being biased in favor of full-range dipoles, so I'm curious to know what your observations are.

Thanks!

Duke
Cloudgif, if I may jump in here and address your point of "adding" things to the music, my point(and I think Nate's as well) is that the speakers cannot add any more to the musical signal that will create more music. They can add colorations and distortion, and other things, and subtract things also. But they cannot make the musical signal have more integrity and truthfulness, than the signal that they are fed. The best that they can do, is to faithfully reproduce it perfectly, which is almost never the case. But some do an admirable job within their design limitations. Some speakers do a better job than others, and this is where the argument for better speakers is appropriate. But they cannot overcome an earlier loss in the signal chain, no matter how good they are. Therefore, in the order of importance, the earlier components rate higher. You must first get the signal to the speaker in an accurate form, preserving as much of the source info as possible, and amplifiying it properly for your speakers to use. If the proper signal gets to the speakers, and they don't do what they are supposed to do, then it is time for new speakers.
Twl,
I do not disagree with any part of your comment. We may disagree as to whether or not multi-thousand dollar digital source components produce a signal that is appreciably different (either objectively or subjectively---in a controlled test environment----) than the signal from a modestly priced digital source. Your main point that a speaker, no matter how good, is not going to "overcome an earlier loss in the signal chain" is right on. On the other hand an excpetonally transparent and quick speaker with outstanding macro & micro dynamics will reveal low level information and nuance that are present in the signal but which are not audible through a lesser speaker. Thanks for your thoughts, explinations and diplomacy.
Am I understanding this right? Speakers are less important because they can't add to the musicality of the the sound. Are you suggesting that the upstream components are adding musicality to the sound? Or is it that subtractions at the end of the stream are less important than the ones at the begining? Is this the new math? I would think the net result would be the same. Unless one has a perfect room is using digital room correction I can't help but think the the most egregious subtraction from sonic integrity is at the last link in our systems; speaker to room.
Tom and Cloudgif, I agree with both of your conclusions. Tom must have gotten home from work earlier than I. It sucks to work for a living.
Although I have to take exception to Cloudgif's comments about digital sources. Every digital source I have ever owned sounded different from the one before. Regardless of how one might argue that the pieces have nearly the same parts inside the differences are huge when it comes to sound. The point might be moot since Tom and I are firmly entrenched in the vinyl camp.
I am not as has been discussed by Squidboy suggesting we own $40,000 worth of electronics but we use $250 speakers. Which is also not what he was suggesting.
My point form the outset was that speakers are no bigger a priority than any other part of the whole and I wondered if people still went by the misguided suggestion that 50% of the cost of ones system be spent on speakers.
As I glance over my shoulder I see that I probably spent 50% of my total cost on my turntable/arm/cartridge/phono section. This, I would suggest is how 50% should be spent, but that's a whole new controversy.