Not all leaders think about wisdom as a character trait that needs to be carefully cultivated. Of course, we would quickly agree that wisdom is more valuable than money or status. At least we would agree with that statement intellectually. But how many of us pursue wisdom with the same vigor with which we pursue wealth? How many of us cultivate wisdom with the same passion we use to cultivate our stock portfolio? Somehow we believe that wisdom just comes by itself. Certainly, wisdom can and often is the end result of long experience in the leader’s field of expertise. But the leader who gains wisdom by making poor decisions and learning from them is much farther behind than the leader who seeks the right kind of wisdom from the start.