You can know the facts and even understand the concepts but you don't truly acquire wisdom until you appreciate the knowledge through action. For example, we know the facts that drinking alcohol will impair our reflexes and decision making skills and we can even understand that if we drink alcohol that it makes us feel different and less "normal", but we truly don't appreciate the fact that drinking is dangerous until we change our behavior by not getting behind the wheel or by avoiding a compromising situation. Appreciation requires a commitment through action and that is where wisdom is achieved.
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