Knowledge is the outcome of past experiences of our ancestors and wisdom is knowing how to apply these learnings to our own lives.

Wisdom is the good and balanced use of knowledge

Is wisdom about taking decisions (application of our knowledge) ? Or

Is it about taking the right decisions? Or

Is it something that saves us from much trouble off things and still gets our work done?

Or its just about being the top manipulator in everything i.e. one who knows how to control the flow of the wind?

sensibly right decisions would mean decisions that are morally correct and which does not cause harm for the society!!!!

Knowledge can be conveyed,but not wisdom.

Wisdom cannot be passed on. Wisdom which a wise man tries to pass on to someone always sounds like foolishness.

Knowledge is understanding other people's thoughts. Wisdom is understanding your own thoughts.

 Kjetil K. Haugen Sir,

Thanks, you sharing opinion & discuss knowledge & wisdom are related to thoughts.

Sonam Zangpo Bhutia,

thanks a lot for sharing your valuable thought. I share link to you...

Usama Badawy,

Thanks a lot for sharing practicable thought.I share link...

Babita Sinha,

Thanks for giving your opinion about Knowledge & wisdom which correlate with past & present.

Knowledge is information acquired via experience, while wisdom is the right application or use of knowledge. 

Knowledge is the accumulation of facts and data that you have learned about or experienced. It’s being aware of something, and having information. Knowledge is really about facts and ideas that we acquire through study, research, investigation, observation, or experience. Wisdom is the ability to discern and judge which aspects of that knowledge are true, right, lasting, and applicable to your life. It’s the ability to apply that knowledge to the greater scheme of life. It’s also deeper; knowing the meaning or reason; about knowing why something is, and what it means to your life.

http://www.lifehack.org/articles/communication/what-are-the-differences-between-knowledge-wisdom-and-insight.html

Emeka W. Dumbi Sir,

Thanks for giving your opinion about Knowledge & wisdom which correlate with experience  & application.

Ahmed Al mayahi Sir,

Thanks a lot for sharing your views regarding Knowledge & wisdom.