Let's take a much simpler game than life, like chess. If the chess coach said "the most important thing is controlling your time", how sufficient would that sound as a winning strategy?
Sure, time control could be important, but it doesn't really guide anyone on how to thing about the strategy and tactics. In fact, time might not even be an issue before you lose the game.
Or on the flip side, if you had infinite time, you still couldn't exhaust all the combinations of movements to decide the best move.
Cultivating wisdom means working on honing our "meta-heuristic" machinery, the heuristic that binds all our heuristics together, so that we are adaptively more likely to find and process the relevant information to achieve our goals in life. It has to dynamically assess the relevance of every other constraint of the game and cannot reduce the solution to a hardcoded normativity like "just control time" "just have more freedom" "just have more money".