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These words of wisdom by Lucius Annaeus Seneca, a Roman Stoic philosopher, highlights one of the important aspects of life.
The quote points out that wisdom can not come to us by chance.
We have to extract the wisdom out of the events that we experience in our lifetime.
We all go through life-changing experience but not all are affected the same by those events. Some shrug it while some imbibe it in their heart.
Wise men enrich their wisdom through conscious observation. They grasp the useful information from major happenings of their life.
Knowledge is that something we can gather around from the different sources. The problem with that is people consider that gathering knowledge or bits of information makes you wise.
Wisdom is not a huge database of information. Wisdom is your ability to act & utilize that gathered Knowledge & experience in a proper way.