The only Peter principle I know in audio is to always value the opinions and comments of Peter of PBN Speakers, a frequent visitor to AG
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"gear-ophiles", very good way to put it!
2015 was a very active year for me buying and selling equipment to have a setup I really enjoy and plan to keep for a while. While I was out and about, visiting all sorts of audio shops, I ran into a few of them who seemed to be all about the gear and seemed to only want to play music that brought out the desirable characteristics they wanted to demonstrate.
In searching for new speakers I would bring a very early CD of Mozart's Violin Concerto #3, so early that the sound had a very slight "edge" to it, as well as the original "Born to Run" CD, which has a "raw" sound. I figured that I'm not giving up my Beatles and Stones, and if the speakers were too "edgy", if I fatigued from listening to just one track, it probably wasn't a good choice for me. Hence, I turned away from a number of well respected speaker manufacturer's offerings. But one of the salesmen actually said I shouldn't be listening to those CDs from those old masters.
Ejr, Bingo! You hit the nail on the head! I was beginning to think that no one was getting what I was trying to say.
You are an audiophile if you are capable of connecting with music on an emotional level. It is what I call the "E" factor and it is the most important "component" of a great system because it is within you. If you have the E factor you can listen to an old, poorly recorded but great piece of music on even a low-fi system and have to sit down because your knees get weak.