The most important piece in a stereo system???


I was wondering what people think is the single most important part of a stereo system? It can be the amp, speakers, CD payer, preamp, speaker wire, cables, tweeks, whatever you name it. I just want honest opinions. What would you spend the most money on? I think most of you will either say amp or speakers. I know having all good stuff will make your system sound better, but I just want to know the single most important part. Myself I think the speakers are the most important. I look forward to reading what you think. thanks in advance.
souljasmooth
I basically agree with swamwalker...front end,dac/cd player! Having said that...room acoustics also play a major role in overall final sound quality.
Quality of recording and room are absolutely the most important. On the specific system components, the pre-amp per Gregm's and other comments above.
It's a little bit like asking which is the most important link in a chain. In your system it is the weakest link. Admittedly, each chain in the audio link is different. I disagree with the comment above that "good speakers accurately reproduce what they are given." I am far from a speaker expert but I have made about 20 pair and all speakers color sound a great deal. They have a really amazing job to do. A Loudspeaker is a compound transducer. In conventional speakers electrical energy is transformed to magnetic energy, magnetic energy is transferred to mechancial, and mechanical energy is transferred to acoustic energy. Every step introduces distortion (disorder). It will be this way until they repeal the law of entropy. Don't hold your breath. No speaker simply reproduces what it is given.
The frontend. Everything flows from that.....just my opinion. The other views here all valid too. We all try for the end result..music, music music. Good question, perhaps no definate right answer.....they all have merit....regards, Bluenose
Room and music go without saying, but I believe the poster (correct me if I am wrong) was thinking about "components" when he asked the question. If I am right, I may alienate some of the posters above, but I posit this question: Which "system" do you think will sound worse: (1) great source and amp/preamp combo with say $500-800 Infinity or JBL or Polk Audio Circuit City speakers; or (2) Technics CD player and receiver from Circuit City through Avalon Eidolons or PipeDreams or even Maggie 3.6s?

I have heard both types of experiments and all I can say is that even the BEST speaker in the world cannot save a crappy source or low budget reciever. BUT, the great electronics made those Circuit City speakers sound pretty damn good.

That was my experience but, as always, YMMV.