He does tell things the best he knows how, but they are not always truthful. It still means we cannot wholly trust what he says.
His song supposedly names all the free peoples, yet he does not know hobbits exist, nor does he know wizards are more than men. Therefore, he obviously would not know of their origins, and leaves the possibility of him not knowing of another race - the hobbits or some other creature could still be older than he is. One must then think - does he know of Tom Bombadil? Seems he wouldn't, since he lives so close to the hobbits, far from Fangorn.
Quote:
Learn now the lore of Living Creatures!
First name the four, the free peoples:
Eldest of all, the elf-children;
Dwarf the delver, dark are his houses;
Ent the earthborn, old as mountains;
Man the mortal, master of horses:
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[ October 23, 2002: Message edited by: Legalos ]