What is wisdom?
Society is always a mirror image of the collective wisdom
Wisdom, according to Wikipedia, means "knowing exactly what to do, why to do it, how and when to do it, and what will happen when it is done. What is then achieved is balance and harmony in the existence of all living things around us and the greatest possible happiness for humanity. Wisdom is a word that has a deeper meaning than all intelligence, knowledge and understanding. In addition to possessing all these qualities, one should also have the ability to make the best decisions in all possible respects." No one is entirely wise but the concept is showing a direction.
Wisdom cannot be directly transferred or learnt, but wisdom arises in a process of dialogue, reflection, training, education and stillness, often as insights. Wisdom can never be augmented by indoctrination (opposite words).
According to Sternberg´s "The balance theory" wisdom is defined "as the use of one's intelligence, creativity, common sense, and knowledge and as mediated by positive ethical values toward the achievement of a common good through a balance among (a) intrapersonal, (b) interpersonal, and (c) extrapersonal interests, over the (a) short and (b) long terms to achieve a balance among (a) adaptation to existing environments, (b) shaping of existing environments, and (c) selection of new environments." "First, wise decisions do not just require intelligence and explicit knowledge, they typically draw on or tacit, or implicit, knowledge gained through experience as well (see discussion of tacit knowledge under theory of practical intelligence). Second, the definition draws heavily on the idea of balance: the balance among multiple interests, immediate and lasting consequences, and environmental responses. Balance needs to exist, not only for intrapersonal interests, but also for interpersonal and extrapersonal interests, as well as among the environmental responses. What are these different interests and responses? Intrapersonal interests affect only the individual. They have to do with one's own sense of identity and may include such things as the desire for self-actualization, popularity, prestige, power, prosperity, or pleasure. Interpersonal interests involve other people. They relate not only to one's sense of self but also to desirable relationships with others. Extrapersonal interests are those that affect a wider organization, community, country, or environment. In addition to multiple interests, the consequences of each decision are assessed in order to balance short- and long-term objectives. Third, the balance in the balance theory of wisdom does not mean that each interest, consequence, or response is weighted equally. The relative "weightings" are determined by the extent to which a particular alternative contributes to the achievement of a common good. Obviously, there is no obvious nor consensually accepted definition of "common good." A large part of wisdom is in finding a truly common good and in persuading others of its suitability. Although currently, our societies tend to emphasize analytical intelligence in their assessments of individuals in school, college, and beyond, one could argue that assessments of wisdom would be more valuable. When citizens and leaders fail in the pursuit of their duties, it is more likely to be for lack of wisdom than for lack of analytical intelligence. In particular, failed citizens and leaders are likely to be foolish-to show unrealistic optimism, egocentrism, false omniscience, false omnipotence, false invulnerability, and ethical disengagement in their thinking and decision making. In other words, they fail not for a lack of conventional intelligence, but rather for a lack of wisdom. (https://www.robertjsternberg.com/wisdom)