Wisdom is a habit or disposition to perform the action with the highest degree of adequacy under any given circumstance with the limitation of error in any given action.
This implies a possession of knowledge, or the seeking of knowledge to apply to the given circumstance.
This involves an understanding of people, objects, events, situations, and the willingness as well as the ability to apply perception, judgement, and action in keeping with the understanding of what is the optimal course of action.
It often requires control of one’s emotional reactions so that the universal principle of reason prevails to determine one’s action.
In short, Wisdom is a disposition to find the truth coupled with an optimum judgement as to what actions should be taken.
Wisdom leads a person to overcome feelings of helplessness, powerlessness, anger or aggression by non-understanding of external elements and internal acknowledgement.
It leads to a change from the experience of meaninglessness to meaningful goals, prospects for coping with critical life events and to engage constructively with complex life problems.