In several circles I have heard "smart" defined as knowing facts and "intelligent" defined as a measure of being able to learn. Hence, you can be intelligent but not smart and smart but not intelligent. I think we want a balance of the two with a lean towards intelligence. It is all semantics anyway, but you seemed to take issue with the specific term "smart", and this is probably what he meant.
I have always delineated knowledge and wisdom. Knowledge is knowing something, while wisdom is the application of self constructed ideas to an event, some times drawing upon knowledge (learned information, past experiences) to construct those ideas. knowledge != wisdom. The problem wit ha word like smart is it is contextual so smart can me knowledge. I mean a guy like rain man could be consider smart in a certain regard even though he cannot apply his ability. But also smart can mean wise I would look at a guy that does not know a lot of facts but can built a rocket in his back yard as smart. So smart tends to represent a spectrum of intelligence and is a hard word to apply because people have different measures of what they consider smart.
