You should focus on the horse and not the jockey when picking your investments, new research has found.

What this means: When deciding the company whose stock you will invest in, focus on the company’s business model and strategy for the future rather than the identity of the founder or CEO. When picking a mutual fund, it means under-emphasizing the education and background of the manager, focusing more on the investment strategy the manager pursues and the patience and discipline with which he does so.

These…