I think nostalgia might have rewritten your memory. Spinning rust disks meant apps would take 5-10 seconds to load, moving and resizing windows was laggy and left behind repaint artifacts, and anything network related took approximately forever
Yes - what he described was the experience using BeOS, which had an amazing I/O scheduler, but switching back to Win95 was noticeably worse on latency. A big problem was I/O deadlines - I knew so many people who burned “coasters” because Win95 and classic MacOS couldn’t reliably feed data to a CD writer with a small buffer. Audio capture and data acquisition were similarly fragile if you needed latency guarantees lower than hundreds of milliseconds.