Op-ed: After the Silicon Valley Bank collapse, don't try to time the market

The market volatility we're seeing now spikes two kinds of fear: fear of missing out and fear of loss. Both can lead to poor investment behavior.

Ralph Wanger, a successful portfolio manager, once likened it to an excitable dog on a very long leash, darting randomly in every direction, while its owner walks steadily and predictably from southwest to northeast across New York's Central Park — up, and to the right. His advice, as detailed in Bill Bernstein's "The Four Pillars of Investing," was to "keep your eye on the owner, not the dog.

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