Human knowledge, apart from God, is not only flawed, but the Bible also refers to it as worthless because it isn't tempered by love (1 Corinthians 13:2). The knowledge man possesses tends to make one proud. "Knowledge puffs up, but love builds up" (1 Corinthians 8:1). Therefore, the pursuit of knowledge for its own sake, without seeking God, is foolishness. "Then I applied myself to the understanding of wisdom ... but I learned that this, too, is a chasing after the wind. For with much wisdom comes much sorrow; the more knowledge, the more grief" (Ecclesiastes 1:17-18) Knowledge is what is gathered over time through study of the Scriptures. It can be said that wisdom, in turn, reveals itself by acting upon that knowledge. In other words, knowledge manifesting itself in any given situation through wisdom. If one lacks knowledge, he will also lack wisdom. The two go hand-in-hand.
It is not possible to have too much knowledge without common sense. This is because common sense equates to the knowledge and experience. This means that, to have knowledge, one should have common sense. Get more information about this on http://en.wikipedia.org/wiki/Common_sense.