An eternal debate among the investment community is whether it is preferable to bet on the horse or the jockey of a particular company. In this case, the horse is a metaphor for the industry and business model of the company in question. The jockey refers to the senior management team, and in particular the CEO, who steers and directs the company. Can a business model or industry be so compelling or strong that any jockey could essentially lead it to victory? While there is no doubt that some combination of ...