That's true, but thankfully my experience was not
too lossy 
--- life is intact! So is my head! I was very dazed for a few minutes but didn't get knocked out.
The bottom line for the subject under discussion is the actual claims made for each format. This is a better starting point than assumptions, especially where the lossy formats are concerned.
MP3: there is
no claim that MP3 recreates the exact musical experience, only that what is removed does not matter very much, and it matters less and less as the bit rate is increased. The software expertise has improved to the point where it seems that very many people cannot, in blind testing, tell the difference between high, VBR MP3 and CD quality ---
but it still does not claim to reproduce all of the music. Let us, then, accept it for what it is: a convenient way to get a lot of music onto a small storage device. In that context, modern MP3 encoding will
probably actually exceed our expectations, and we can be happy. That does not mean we have to use it in other circumstances.
FLAC: Does claim to reproduce exactly the same result as the original, uncompressed medium. So long as the technology
actually does what it says on the tin, we have no need to be concerned about this at all. The uncompressed data will be the same as the pre-compressed data, just like your spreadsheets and documents are the same after being zipped. I'm making a big assumption here: that the data compression/uncompression algorithms and code
do works as advertised. It's been around for ten years and it's open source: problems
should have been spotted by now. Anyway, given all that, FLAC claims to reproduce its source, and can be judged accordingly.
CD: 44.1k/16bit PCM.
Claims reproduce all the music, and even to do so better than some analogue sources. Leaving aside the much-discussed question of whether it does or not, it is the benchmark of the current thread.
So far as
lossy compression is concerned, it would be useful to discuss which is best, eg is ogg superior to MP3 or not?