Two years now may be correct but it was less, may have something to do
with the properties of the fluid or spare part sales. The MGB manual
says every 18 mths or 24000mls which ever comes first. I do mine every
12 mths and it stays in good nick, does about 3000mls/year
makes you wonder! how it gets passed the one way seals, I think its the
viscosity difference.
Its something less than a couple of percent water is the max in fluid.
In the good old days when they did good bogey jobs I remember brake
fluid being boiled to remove the water and then reused. But wheel
cylinders were made of better material and just a hone and new seals
fixed the brakes. Now its an assembly replacement.
They did more maintenance back then when you could maintain your own car.