Many people assume this, generally on the basis of widespread misinformation, and they assume wrong. Read the link I gave and you'll see. The simple truth is that most people have never actually studied sensitometry, or indeed, bothered to think. Instead, they recite half-digested articles of faith. They've studied simplifications of simplifications -- or sometimes, as in the case of the Zone System, complications of simplifications.
There's also the point that NO speed system is geared to a grey, whether 18% Munsell mid-tone or the overall average reflectance of outdoor scenes near Rochester NY (12-14%). Neg speed systems are keyed to the minimum exposure required to give a useful density at a useful contrast; slides and digi are geared to not 'blowing' the highlights to a featureless white. For more about film speeds, take a look at
http://www.rogerandfrances.com/subscription/ps iso speeds.html
Also, what are you calling 'black' and 'white'? Both cover VERY wide ranges of reflectance -- and subject brightness range,
http://www.rogerandfrances.com/subscription/ps subject brightness range.html , is often more important in any case.
You may also care to take a look at
http://www.rogerandfrances.com/subscription/meters and metering.html which is an introduction to metering and contains the following observation
Before you read any further, it is important to realize that just about any meter or metering technique can be made to work, as long as you know what you are doing, and as long as the meter isn't broken or defective. Ignore anyone who tells you that their metering technique is the only one that works: this is a subject that attracts a lot of gurus, monomaniacs and armchair theoreticians. The main difference between the different meters and systems is the type and extent of the corrections you need to make with out-of-the-ordinary subjects.
Cheers,
R.