I will start with the following verse:
PROVERBS 2:6 (KJV)
For the LORD giveth wisdom: out of his mouth [cometh] knowledge and understanding.
First of all, we can immediately see that it is the LORD who gives wisdom. In fact, we are told in James 1:5 that “If any of you lack wisdom, let him ask of God, that giveth to all [men] liberally, and upbraideth not; and it shall be given him.” So, we see that God delights in giving wisdom to people who ask for it. A good example of this is King Solomon. He asked God for wisdom to rule over Israel and he became the wisest king to ever rule at any time.
There are at least 8 other verses in the King James Version of the Bible that contain the words wisdom, knowledge and understanding. They are interrelated with one another.
To gain wisdom, you have to have the other two: knowledge and understanding. If you will notice there is a colon after the word WISDOM in Proverbs 2:6. That means additional information is being given about the preceding sentence. If you think about the two sentences in this verse, you can see a formula there. It goes like this:
KNOWLEDGE + UNDERSTANDING = WISDOM
You can be given knowledge about something. However, if you do not understand that knowledge, it is useless to you. Understanding has to come with knowledge in order for a person to gain wisdom.