As silentbycicle said, list insertion at the head is constant time. About allocation, I agree with you that it is "slow", but all reasonable computation models

As silentbycicle said, list insertion at the head is constant time. About allocation, I agree with you that it is "slow", but all reasonable computation models count a memory allocation as a constant time operation. If we want to go down that road and measure also memory operations, even random memory access would not be worst-case constant time: the MMU has to map the page to the physical location, and this is usually a logarithmic or amortized constant time operation.