Like many people here I started reading about high end audio gear before ever owning any. My uncle subscribed to Stereo Times, Stereo Review, and Audiophile and passed them to me when I was 14....and I devoured these magazines and dreampt of owning hi end gear one day.
My parents gave me a Fischer receiver from the late 1960s as a teen, and I recall it sounding amazing (Fischer?!?) Since that was over 20 years ago...I can't accurately remember how it compared to newer gear...but I'll never forget it. It was so clear. But I only thought of Fischer as cheap gear, and I eventually sold it real cheap. Now I don't care about anything regarding audio gear except how it sounds to me. Period.
I remember reading rave reviews of the Yamaha M-80 Power Amp as a teen and bought one in my early 20s. Coupled with a HK preamp, it was very nice at the time, but it didn't live up to its rave reviews....or that old Fischer.
At 25 I bought an entire used system that blew me away. It included a B&K ST 2020 power amp with a Conrad Johnson PV 8 preamp (with B&W speakers, Klipsch dual 15" powered sub, and other treats). I consider that to be my first 'good' stereo system. That was the first time I heard soundstaging in my home. I kept that setup for a few years, needed money, and sold the BK and CJ....and listened to garbage for years. I eventually forgot the MAGIC that a good stereo adds to LIFE.
In 2006 I got a bonus at work on a whim one Saturday I bought a Musical Fidelity A3 integrated amp. I WAS VERY PLEASED. The magic was back, in a big way. I could live with that litle amp now and be very happy if I had to.
I liked it so much I traded it for an A3cr power amp (which I like just as much as my friend's Nu-Vista integrated) and ran it with no preamp. I bought a Jolida JD 700 tube cd player (it does play dvds too which I know is audiophile blasphemy, but I prefered it to the JD 100, and I trust what I HEAR now). The JD 700 has a volume control, and it sounded so good to me (utterly transparent) that I thought using any preamp would be a step backward. I tried a older CJs and Classe', but preferred no preamp. It's that nice.
Three weeks ago I got another bonus at work and decided to get a preamp, thinking that even if the system didn't improve, it was practical. After debating it, (I considered selling the MF and buying a nice $2,000 integrated, either a Jolida tube or whatever) I bought the Jolida Fusion preamp which just came out. It's simply a superb combination. I couldn't be happier. The only change I can forsee making in amps anytime soon is getting another A3cr and bi-amping it.
I apologize for rambling, but this was a fun trip down memory lane!