No, wisdom can cut across deep so called deficits in so called “intelligence” which is just ONE number. It would be like trying to size up your physical stature in just ONE number.
Measured IQ correlates strongly to material, social, and familial success. It correlates very strongly negatively to criminal behavior, drug abuse, illegitimacy, and tendency to violence.
"Wisdom," -- whatever that is -- does not mitigate it, or the statistics would not be what they are.
Your stature analogy is apt of your misunderstanding. You are attempting to compare vague ideas which cannot be measured to things that can be. The failure of black students [on average] across a variety of metrics is quantifiable. So is the fact that they have [on average] less capacity to work with. "Wisdom" is not measurable, correlates to nothing, and is not even well nor universally defined.