Originally posted by Borbarad
GL somewhere mentioned that he thought of Yoda fighting against Sith before. So Yoda might have taken one of two Sith Lords down at any point of his life and therefore he knew about the rule of two and he knew that they will return again and again as long as you don't kill both of them.
This might be also a possible explanation why Yoda is able to counter Sith Lightning.
I don't think that's plausible.. As we know the council thought the sith were extinct for a thousand years, I don't think they would be stupid enough to overlook sith popping up once in a while.