As countless studies have shown, you only need a very small amount of information to make an intelligent risk/reward investment decision. So the real paradox is that more information leads to overconfidence, which ironically means more information leads to worse decision-making.
It’s really quite fascinating because what reading lots of news does is makes you more comfortable in your decision-making, but it doesn’t lead to better decision-making. It’s an emotional salve.
The trick is to know when you found that sweet spot of enough information.