Knowledge is gathered from learning and education while most say that wisdom is gathered from day to day experiences and is a state of being wise. Knowledge is merely having clarity of facts and truths while wisdom is the practical ability to make consistently good decisions in life.
Knowledge is defined as
acquaintance with facts, truths, or principles, as from study or investigation; general erudition. familiarity or conversance, as with a particular subject.
acquaintance or familiarity gained by sight, experience, or report. the fact or state of knowing; the perception of fact or truth; clear and certain mental apprehension.
Wisdom is defined as
the quality or state of being wise; knowledge of what is true or right coupled with just judgment as to action; sagacity, discernment, or insight. scholarly knowledge or learning.
wise sayings or teachings; precepts.
a wise act or saying.
Wisdom is unchangeable. If a man is wise, he will exercise good judgment throughout his life while knowledge is an ever growing process. One may gain knowledge over time or even lose it when things are forgotten. Wisdom is presumably not lost once acquired.
Since wisdom is a lifelong experience, it may also be enhanced through knowledge. Wisdom is also the common sense to apply knowledge. Some theories also suggest that while knowledge is gained from the outside world, wisdom comes from the divine and inner self. They are both related and cannot be applied without each other.
Knowledge is the awareness of the right facts and figures and applying for use in everyday life. It may or may not be the right use. For example, dropping of the atomic bombs on Japan during World War II was an application of knowledge.
Wisdom is the understanding of facts couple with common sense and good judgment. The word has positive connotations which means it is used only for the right cause.
A simple example is...
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