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
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.
Unsound, my main point was that the source item is responsible for bringing into the system whatever amount of music is going to be played. A better source item can cause more musical information to enter the system. Then, it is up to the amplification chain to preserve as much of that information as possible, while doing the job of amplifying. The speakers are to emit this information as well as possible, given their capabilities and the conditions in the room. My point was not to minimize the importance of speakers, but to point out the importance of the earlier items in the chain, in doing the job needed to make the speakers work at their best. The earlier items, after all, are the things that make the speakers do what they do. Without the earlier items, the speakers could not work at all. Of course, the amp will not work without the speakers either. But, I was not talking about simply losses in the amp chain, I was also referring to the increases of valid musical information that can only be gotten from a better source piece, by retrieving more music from whatever type of disc one might be using. This is what I was meaning by my statements. The speakers can appear to be increasing the information, but the are not really doing that. The better speaker is simply able to reproduce more, and better, of what is already there. But if the source item left the detail info on the disc, there is no hope of reproducing it.
Hello again all:

This is really kind of pitiful. What kind of poor excuses for opinionated machismo are we, when the best we can do is to pretty much agree with each other?

I think I'll go slip my Veritas into a groove. And groove.

Thanks to all of you for the party.

Cliff
Cliff, any significance to the fact that you end this dialog with a remark about your Veritas???