How to tell lossless from lossy.(Music talk)

[Tania Tee]

I don't like FLAC for one main reason......they take up too much space.. Mp3 320kbs is fine for me, although I use creative 5.1 speakers through a soundblaster card, that's fine for me.

WAV takes even more space than FLAC almost double in fact. The files are technically the same yet I still prefer WAV, not bothered about artwork and artist info and its more universally compatible than FLAC
I usually go between WAV and MP3 320kbps then FLAC