Yep! There's a ton of difference between intelligence and wisdom. A person can have both, but they also have either one without the other, or neither.
The so-called intelligensia often have intelligence but no wisdom. I know quite a few people around my university who fit that bill. They could do well on an IQ test, and they fully know the basics in their field, but their judgment is somewhat lacking.
These people are usually left-wing, hostile to Christianity, arrogant, and convinced that we'd live in a utopia if only they were put in charge.
I'd much rather go out and have a few beers with someone with little formal education but a well-rounded view of the world than some egghead who thinks he's part of some sort of elite.