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Which is the most important part of a stereo system?

My system consists of a pair of B&W 630's, an old Denon 50 watt reciever (DRA-550) from the mid 80's, a Marantz CD5004 cd player, and now a Pro-ject Debut Carbon DC Turntable.  I'm pleased with the speakers and the cd player and while the Denon sounds good it has some issues and I want to upgrade.

I'm planning on returning the Pro-ject TT and getting a higher end TT.  I'm also looking into getting a new amp pre amp with a internal DAC.

Is the source the most important? The speakers? 

Please Help!
klimt

Showing 2 responses by erik_squires

erik_squires
15,801 posts
 
The most important part of the stereo is bragging about how much money I spent.

After that, the room.
erik_squires
15,801 posts
 
Put your speakers 3' apart and sit as close to them as you can.

The difference between that and what you hear normally is your room.
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