A vault with one nearly impenetrable lock is better than a vault with hundreds of locks but if you can manage to get even one open they all immediately unlock.
The strength of your password is irrelevant if you use the same login for everything. All you need is one of those hundreds of sites or services to have a data breach and they essentially have just hacked everything. Instead of putting faith in every site you make a login for. You only have to put your faith in one and make sure that one password is memorized and never used for anything else, minimizing its exposure.
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