In business and in your personal life, you gain specific wisdom. In business, after applying certain principles and strategies to your business, you learn what works and what doesn't. It is similar to the bullets then cannonballs theory explained in Great By Choice by Jim Collins and Morten T. Hansen.
You use intelligence from experience to apply best practices to your business. That is using specific wisdom in business. In your personal life, of course, you gain some wisdom and intel every single day.
Again, applying what works to make your life more successful is an application of specific wisdom. It makes sense to keep and use knowledge to make all future decisions rather than guessing all of the time on the right decision.
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