Just a recent history of say about 15 to 16 yrs….
Gold had a 7 or an 8 yr period of absolutely no growth and yet, people flock to it and hold it for generations
Real Estate in Hyderabad was stagnant for 7 or 8 years and yet, people flock to it and hold it for generations
Fixed deposit interest rates keep moving up and down by some % points in a 7 yr span and yet, people are happy holding it perpetuity
But for Equities 🤔
Forget inter generational or for perpetuity in an Individual’s life, a 7 hour movement or no movement causes to trigger all kinds of emotions in people – panic, worry, indecision etc
WHY?