More money toward better speakers or a better DAC?


Speakers need quality content to play.  Great recordings sound very good on low end speakers.  Crappy recordings sound bad from great speakers.  Seems focus is well served on improving quality of incoming sound.  The Dac is a huge part of the equation.  
Are we all ‘cheaping’ out by not spending more for a better dac? 
emergingsoul
Great speakers are great for a decade. Great DACs are great for a month. Choose wisely.
Something that makes without a doubt the biggest difference in sound vs something that makes quite possibly the smallest.  
Wow.
No, you can buy transparent DACs for under$200. Speakers and room interaction along with source media accounts for 80% of what you hear.