Extracting Biblical Definitions of Wisdom and Foolishness

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In Matthew 7:24-27, the Lord Jesus Christ compares the saved hearer of His words with the unsaved hearer of His words (the former doing His words and the latter not doing His words) by giving the Parable of the Two Builders. In the parable, there is a wise man, who builds his house on the rock, and a foolish man, who builds his house on the sand. The wise man's house experiences a massive assault from the rain, the floods, and the winds, but it stands nonetheless, because it was built on the rock. The foolish man's house endures the same trials, but it falls, and falls horribly. 

While the point of this parable is to picture the difference between the true Christian and the false Christian, it can also serve another purpose: providing us Biblical definitions of both wisdom and foolishness. In the parable, the wise man builds his house in such a way where it does not fall despite all the devastating weather that attacks it. The foolish man, by contrast, built his house in such a way where it fell because it faced the same natural disasters. The goal here for both builders is to build a house that can stand no matter what. The wise builder did what he needed to do to build a house that could withstand all threats; the foolish builder failed to do so. So, based off the Parable of the Two Builders, my opinion is 1) that the definition of wisdom is following the right method for achieving a particular goal and 2) that the definition of foolishness is failure to follow the right method for achieving that goal.