Lyric discussion by BlueYogi 

Cover art for Old And Wise lyrics by Alan Parsons Project, The

It seems to me, to be about an old man at the end of his life's journey. The key undertone is of fondness/friendship and forgiveness. Beautiful, reminiscent, ironic.

i think we should think like this even when we are younger and will probably have better quality relationships. I have been listening to it for over 20 years intermittently and never fails to move me.