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"you cannot outrank any page which has a higher PR than yours"
"obtaining links from sites with PR less than 4 is a complete waste of time"
"your own links page will inevitably have a very low PR because of the number of outbound links on it"
These are what I consider to be myths (please feel free to shout at me if you disagree, of course)
What are the other PR myths doing the rounds right now?