It looks like you're new here. If you want to get involved, click one of these buttons!
In my experience formal meditation leads to insight and compassion. It also leads to experiential awareness with the potential for understanding and 'wisdom' - though insight is probably the better term.
Meditation takes time, commited regular practice, not unconvincing feeble efforts. I would suggest that many people have a wealth or long lifetime of experience but are yet to digest. Meditation allows digestion.