Here's another way to look at the question.
If I have a humble system, but I think it sounds awesome, then I'm cool.
Sadly, we don't to keep that naivete very long.
Maybe "awesome" is asking too much of a humble system. I still like Art Dudley's comment from decades ago, "the purpose of a hi-fi is to play your records with an acceptable degree of fidelity, and thus bring music into your home." And Steve Guttenberg gave one of my favorite definitions of acceptable fidelity when he reviewed the rather humble Music Hall mmf-1.5 turntable, "It was, it was engaging. That's the thing, I kept wanting to play one record after another. And that's what this is really all about. That's what being an audiophile at its best does. Whatever the gear is, that's not, that's not really the thing. If whatever gear you have, whatever your system is, and you want to keep listening to it, that's good. So with this turntable, I kept listening. . ."
I've had the experience of spending an evening listening to records at one of several friends' homes whose system was quite a bit better than mine, then being initially disappointed when playing one of those records at home. But before the end of the first side, my toes would be tapping and I'd be looking forward to side B, and then to several more albums after that. Knowing that someone else's system is better than mine doesn't keep me from enjoying records at home, and that's been true whether I've had a pretty respectable all-Linn system or, like now, something a lot more humble.
But I still think the transducers, devices that convert one form of energy to another like cartridges and speakers, will have the greatest impact on what we hear.
Still waiting to be convinced ...
I was convinced 42 years ago when a dealer showed me how great a Linn Basik cartridge (likely a rebadged AT93) and some $70 a pair Jensen bookshelf speakers I had borrowed from my older brother could sound when the cartridge was controlled by an LP12 with Basik LVX tonearm and the speakers were driven by Naim amplification (both of which I took a year to save up for and buy). My experience over the years is that very inexpensive transducers can make wonderful music to my ears when they are well controlled by better quality turntables and amplifiers, much better than the other way around.
In 2020, Herb Reichert reviewed several budget cartridges for Stereophile, but included hearing them on a fairly expensive turntable, and wrote, "What I learned from this unusual investigation is that the difference between a $100 cartridge and a $10,000 cartridge is not nearly as big as I previously imagined. Also, the difference between a $1000 turntable and a $10,000 turntable is much greater than I thought it was." Interestingly, his favorite cartridge in that group, the most expensive of which was an AT-VM95SH, was the cheapest in the group, saying, "Music-pleasure–wise, Audio-Technica's VM95C was the most satisfying cartridge in this survey."