You wrote down our root password and we haven't been hacked yet.
According to my Red Hat Networking and System Administration text book:
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You might want to let users select their own passwords, which would no doubt make them easier to remember but which probably would be easier for a malefactor to crack. You might want to assign passwords, which is more secure in theory, but increases the likelihood that users will write them down on a conveniently located scrap of paper -- a risk if many people have access to the area where the machine(s) is located. You might decide that users must change their passwords periodically.
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While your point holds true for an office setting, an e-commerce or Joomla website, I disagree.