The human brain is a very fragile thing. There are literally hundreds of completely unpredictable accidents and illnesses that can leave you with profound memory loss. Relying solely on your memory is a bad idea.
It would be very interesting if someone could find papers with statistical research proving what is safer for a period of time greater than 10 years. A human brain or an HD. Something like this would definitely be very useful for many future applications. The simplest way to think about this is that it is much riskier to store a password in the brain than in a hard drive.
But perhaps the big complicator is not exactly health issues or an accident. It may be that keeping sentences is not the best way to put something in the brain, it's too risky. And many times we look for something simple as in the case of this password that is just a title of a very famous song.
But overall, few people have kept some kind of hard drive for over 10 years.