Understanding squid proxy server

  • I want to know what it's really meant when squid store internet object in its memory or hard-disk for faster retrieval ? … I have an ADSL (256kbps) internet connection from my local ISP and I installed squid on my pfsense because I received numerous comments from  people recommending squid for its awesome proxying capability.

    I did follow the configuration guide on the internet on how to setup squid, although I did notice some improvement compared to when I didn't have a proxy in place.

    My question is that supposed squid stored all web contents in its cached why those web contents didn't load quickly as possible when I visited the website again ?

    I really appreciate your assistance..

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