That is only partly true Assaye.
When I first started in the hobby, everyone knew that water changes of more than 10% were deadly. All of the experienced fish keepers of the day had done larger changes and lost fish. Once a fish settled into a tank, it was never moved to a new tank, too may died when you did that. Things were very different then.
We did not have any kind of test kit worth having, so we were truly working in the dark.
There was no such thing as dechlorinator so we left water sitting out and hoped it was becoming dechlorinated.
Nobody understood cycling and most of us thought of tanks being "mature" when they stopped killing new fish.
When large water changes were done, it was always done in desperation, not by choice and the extreme change in mineral content from concentrated water to fresh water was quite stressful to the fish.(some would inevitably die in the process)
The old timers among us who were reluctant to do large water changes were far more successful than the upstart kids who thought differently. Now that we understand that frequent water changes can prevent the build of minerals in the tank and the build of poisons in our water, some of us have adapted our methods. Some, like the "experts" you are referring to, have not grown and learned.