When I was in elementary school I knew how to use the signs but not how to read them. So I'd always read it as greater than and flip it. So 3 < 5 I would read out loud as "5 is greater than 3". My teacher quickly corrected me though. So it was only for like a week or so.
Yes, but if you have 5 > 3, you can read the ">" in two different ways:
5 is greater than 3 (reading left to right)
3 is less than 5 (reading right to left)
So which one is the correct way to spell out ">"? I also was confused about that for some time, since I was taught that the pointy end always points to the smaller number which is intuitive and can very easily be remembered, but I still had to memorize which symbol is pronounced as "less than" and which is pronounced as "greater than" until I realized that at least in every language I speak it's always read from left to right.
It still takes a bit of a second for me once in a while these days to remember the correct name for the signs when I see them.
At the end of the day, it really doesn't matter if you write 3 < 5 or 5 > 3, nor does it matter if you say "3 is less than 5" or "5 is greater than 3." Read it however you want, provided you convey accurate information.
However, if you don't know the meaning of the symbol (i.e. if you see x < y and aren't sure whether x or y is bigger), then we have a problem.