“Magic email” login is the most stupid method to me. Yeah, just make it impossible to log in with my password manager. The average person probably has the weakest password for their email anyway so if a hacker has access to their account you just made it 100% easier for them to log in.
I mean if your email is compromised, most of your accounts can have their passwords reset, no? So it’s basically the same as resetting your password every time you log in. Dumb, I agree, but surely not worse from a security standpoint, right?

resetting your password every time you log in

Boomers do that