I agree D2, & it's ironic that it's called "being in(formed w/) the know(ledge)", as knowledge definitely encompasses information.
The seasoned pros, by picking up tons of information via the years, and making contacts, eventually become the salty ones with knowledge.
Information, just as when in the hands of a professor, fed, intelligence officer, doctor,etc..must be developed into a knowledge base, as to be able to interpret it's context and possible applications, or be brought and presented to such an expert, that can best make said interpretations/applications.
Example, for every local tidbit of information offered say by an RXer on their local teams that may give insight to a possible edge, there are vastly more winners given out by many here(often the same one's w/info), in using their years of knowledge as the main criteria for the play.