Originally Posted by
richarddd
That's not an oversimplifiction, that's conventional wisdom.
No need to memorize many passwords. With lastpass and similar products, all you have to memorize is one password.
Yes I like lastpass a lot, couple of recommendations specifically for lastpass:
1. Use two-factor authentication
2. Require master password when viewing passwords.
3. Optionally, set up a security email address that is not in your vault and memorize that password