Wisdom is the ability to make correct judgments and decisions. Some think it is an intangible quality gained through experience. Yet others think it is a quality that even a child, otherwise immature, may possess independent of experience or complete knowledge. Whether or not something is wise is determined in a pragmatic sense by its popularity, how long it has been around, and its ability to predict against future events. Wisdom is also accepted from cultural, philosophical and religious sources. Some think of wisdom as foreseeing consequences and acting to maximize beneficial results. http://en.wikipedia.org/wiki/Wisdom

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