[codetrotter]

Counter arguments:

- A password book can be lost if you bring it with you somewhere

- If you don’t bring it with you and you suddenly need to log in to something while you are not at home, you are out of luck

- There is no protection if the book is stolen. Now someone has all of your passwords.

- If your house burns down, do you have a backup of the book?

- Someone can shoulder surf you when you use the book in public and you might not even realise

- If your computer or phone is hacked they can wait until the next time you type the password for some service on the device and steal it then anyways