Mistakes increased the knowledge while Experiences decreased the mistakes but basically we know that Knowledge is expertise, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject , what is known in a particular field or in total; facts and information; or awareness or familiarity gained by experience of a fact or situation.

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I believe that it does. When you experience something you gain knowledge of something. Although you may not apply the knowledge you gain to make it wisdom, you still have gained that knowledge through your experience.