To my understanding, the issue is less to do with Stock Markets but more to do with Paradigm shift in human psychology and behaviour.
Try to remember the times when our father’s generation and even earlier than that, people were consistent. My father worked ONE job and retired and so did many other factory workers, mill workers, people working in mines (Coal, Steel, Iron etc.) and even the businesses, big or small which we often ridicule that the Kirana shop guys are not ready for change with new age and go digital.
In the age of instant gratification and the availability of enormous amounts of information on the internet, we aren’t ready to simply wait for long-term and watch our wealth grow at snail’s pace. Top it up with all these influencers and influencers gig inducing FOMO. “Ye lelo, ye bech do” and so on.
Imagine your teen seeing his friend bring an iPhone to school and show off and good luck to you explaining why he needs to wait for 5years to save enough for an iPhone. Add some flavour to it by all these crypto hustle and get rich overnight schemes with no actual use case.
Blockchain tech has made it to the curriculum however, do we even have one example of a company/Institution which has hacked its growth using blockchain and become a world leader already? The answer is NO but the buzzword is a real fad. Just like few years back everyone would use buzzwords like Cloud, Quantum computing, and currently AI / ML.
So just concluding my thought that in the current age, humans need immediate results and would not wait long-term for wealth generation and for people who are still calm enough, a decent 15-20% XIRR, ex-brokerage, and other expenses and ex-taxation is a great deal rather than holding long-term with anxiety in the most volatile times which is today.
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