The Wise in Middle Earth

It is said, according to lore in Minas Tirith, that Elrond was the wisest of Loremasters. Surely this title is better given to Gandalf, a messenger of Eru & great among the wise?

An example of Elrond's folly would have been to send an elf lord, such as Glorfindel, as part of the Nine Walkers, instead of Pippin. Wouldn't the hosts of Mordor be able to detect the power of an elf lord if he dared to enter?

Saruman is already accounted for as a fool for falling foul of the lure of the Ring. Sauron is very wise in most aspects of lore, but only from the point of view of mastering Middle Earth, which ultimately cost him his chance of ruling it.

Sam's suggestion of Frodo being the wisest is riddled with folly, made all the more clear as he is the most foolish of the 4 hobbits that went with the Company.

As for Galadriel, she relies greatly on forsight to makes decisions, which is a sign of weakness.

Tom Bombadil is a mystery among the Wise, since he makes no contribution to the causes in Middle Earth & cares of little beyond is own lands. All the more reason to accuse him of being foolish, a play thing which Tolkein threw into the novel for his own amusement only. He is a creature which makes no sense & serves no purpose in the novel.