The history from which Ar-Pharazons could have learned was very old in his time. Think about it real-world analogues: What do we know for sure out of the time of the Greek-empire? We have some part of their mathematic that is still valid today. But otherwise, in how fare can any ruler of today base his decisions on the History of Alexander the great, even if he would rule in Greece?
The events told in The Silmarillion were legends for the people of Numenor. And the party of the Kings people did not believe in them completely. So that history was not a good counsellor (as was Sauron).
Respectfully
Findegil
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