I know when I was in college back in the 70s my system consisted of a modified Dynaco PAS preamp, modified Stereo 70 power amp, Linn LP12 turntable w/Grace 707 tonearm and Sonus Blue cartridge and Rogers LS 3/5a speakers. Boy, those were the good old days. Nowadays I'd probably opt for a good integrated tube amp (Consonance, Rogue Audio, Cary, Jolida, etc.) decent CD player (Jolida, Music Hall, etc.) and a small pair of monitor speakers (Coincident, Rogers, Triangle, etc.).