Meet the best investor you’ve never heard of

According to MarketWatch’s  Chuck Jaffe, Ed Owens is retiring. That name probably doesn’t ring a bell, which tells you something about how investors focus on the wrong people and the wrong lessons. Owens — the longtime manager of Vanguard Health Care Fund — is arguably the greatest fund manager of his generation.

Owens isn’t famous like Peter Lynch — known mostly for having a great performance run at Fidelity Magellan Fund, retiring on the top of his game, and writing some popular investing books. Nor is he infamous like Bill Miller of Legg Mason Value Trust, who had a decade-plus run of beating the Standard & Poor’s 500 Index only to tarnish his reputation when the market beat him down severely.

Owens isn’t someone you see on television or read about... Owens, who plans to step down from Vanguard Health Care Fund VGHCX -0.21%  at the end of this year, made his reputation the old-fashioned way: He earned it…

Wait…wait..there’s more at http://www.marketwatch.com/story/lessons-from-a-retiring-mutual-fund-legend-2012-09-16