One could be buying a stock for a variety of motives. These could arise from some virtuous, honorable, righteous, noble or just principles - an underdog deserves to succeed, someone who was saddled with so many issues cannot go unrewarded, such a hard working man deserves to get the best etc etc.
These motives are different from the motive to make money (legitimately of course). That money making does not follow or necessarily arise out of purely such virtues is difficult to accept. But it is true. Someone rigourously working the stock market may end up a loser (my uncle #1) vs someone who bought HUL early on and forgot about it (my uncle #2). Not because of anything but because he was too lazy to sell. Here, lazy won versus hard work!
Shiv Nadar is one of the best business men of the 90s-2000s (we often forget he is the third richest Indian now passed to his daughter). But even he could not make his hardware business (HCL Infosystems) succeed - same jockey but a different game. However one of his engineering batchmates N Srinivasan (who reveres Shiv and considers him far better) created a success out of the IT Hardware business by creating Redington Ltd., by doing distribution of IT Hardware instead of manufacturing it. No one would have bet on N Srinivasan vs Shiv Nadar if asked, but N Srinivasan won.
In Banking itself, when we often see the thoughts like “Is IDFC the new HDFC / Kotak”; we need to pause and ask - “did anyone ask is HDFC Bank the new SBI when HDFC was started?”. The market has evolved, competition is extremely intense, their jockeys and their underlings may not be in the press but are all very smart, and they are in a far better economic position. The very asking of the question betrays the intensity of the competition that will not allow an IDFC Bank to become an HDFC Bank or Kotak Bank.
Even our sport comparison is not good enough. A business is more akin to an F1 sport than a horse racing. There’s the business (or the car engineered by 100s of people) and there’s the CEO and the team (the team and the driver), not one rightbred horse and one jockey. Mercedes E Class with Max Verstappen is still worse than a Ferrari LaFerrari with an unknown driver. Business matters maybe more than the CEO.
Net net, the considerations for a share owner who is intent on just making money out of his investment (a banana seller in the example above) is very different from those holding with other motives (which are no doubt right in their own moral way).