I'm sure you'll agree that the Internet is a wonderful thing, specifically as an investor.

The amount of information you can find on the company is truly astounding, investment opinions, newspaper and magazine articles as well as in a lot of cases analyst reports.

But does all this information equal knowledge? Do you believe that in order to generate market beating investment performance you need to know more than everybody else?

Less is more

This is what I always thought but to make sure this is right I looked for studies to confirm this. But I could not find any. In fact the studies I found said the exact opposite.

Even worse the studies found that as the amount of information increases it increases confidence rather than accuracy.