I was chatting with a friend who recounted an argument that he had had with an associate ...it went something like this. Ass... I don't believe any speakers that cost less than £25K can be classed as HiFi Fr... What do you mean ? Ass.. Well ...there are no speakers bellow that price point that are any good Fr.. What about x y and z [various speaker makes] Ass.. None are anywhere near perfect they are all compromised either by design or manufacture just look at the specs .... Fr..... silence [lost for words] ok so you get the picture if the Ass.. is out there I've paraphrased and shortened the acrimonious exchange. Firstly does this have adherents ? and if thats the case maybe we should be looking to rename the gear we have into the following ....! No Fi.......less than £1k Lo Fi.......less than £10k <£1k Mid Fi.....less than £25k < £10k Hi Fi ......any thing over the £25k Which neatly puts all my gear into the No Fi and Lo Fi As an aside ... When was the term HiFi first used ......I've seen mention in books going back to 1958, but it must have been about earlier?