Is not wisdom found among the aged? Does not long life bring understanding?

PSALM 119:73-80

73 Your hands made me and formed me;
    give me understanding to learn your commands.
74 May those who fear you rejoice when they see me,
    for I have put my hope in your word.
75 I know, Lord, that your laws are righteous,
    and that in faithfulness you have afflicted me.
76 May your unfailing love be my comfort,
    according to your promise to your servant.
77 Let your compassion come to me that I may live,
    for your law is my delight.
78 May the arrogant be put to shame for wronging me without cause;
    but I will meditate on your precepts.
79 May those who fear you turn to me,
    those who understand your statutes.
80 May I wholeheartedly follow your decrees,
    that I may not be put to shame.