Wisdom can be defined as the product of knowledge and experience, but it is more than the accumulation of information. It is the coordination of this information and its deliberate use to improve well-being. In a social context, wisdom allows the individual to listen to others, to evaluate what they say, and then offer them good (sage) advice, by Ben Dean Ph.D. Every successful person has wisdom or craves seriously for it . Most of us would typically say that wisdom comes from advancement in age but a lot of young people are also wise and also give good advise to people , this is because they were able to identify the useful methods and mistakes used and encountered by certain successful people in the older generations through books, personal conversations, or seminars. Based my research I would classify wisdom into two which are theoretical wisdom and practical wisdom.
Theoretical wisdom is the type of wisdom that individuals have in their heads. It might have real life situation with no actual practicable answer to the situation. For example an individual can be caught in between the line of having to steal or beg for money for a life threatening illness but instead come up with a solution like going to work for money, working for money at that time is a very good solution but not practicable because of the urgent need of the money. Most of the time theoretical wisdom is not practicable.
Practical wisdom is type of wisdom that is applicable in the real world. For instance individual can be caught in between the line of having to steal or beg for money for a life threatening illness practical wisdom would allow the individual to choose the most efficient means to get the money which would be to beg. Begging might not be convenient because of self esteem and pride, lets face it everyone has a little pride which is necessary to me, but practical wisdom would make the individual to over look those and source for fund for the illness.
Most of us are on a quest to find wisdom to be successful but to get it is not going to be east especially if we chase after practical wisdom but our driving force should be that when we get the wisdom we would a perfect life so to say, a life without mistakes or regrets.