A year back, I had written about the volatility of our decisions.
I came across an even more interesting read sometime back. It showcases how our patience is decreasing. In fact, it is also volatile, with a downward trend.
Look at the attached graph of the shrinking period of US stocks.
In 1950-60s: 7 years
In 1990s: 1 year
In 2020: 5-7 months
There are more reasons than just patience behind this decreasing holding period: namely, high short-term gain, machine-enabled trading, and commission-free investments.
In any case, the overall trend showcases the state of our hive mindset.