Whom, do we call educated?

First, those who manage well the circumstances which they encounter day by day; and

those who can judge situations appropriately as they arise and rarely miss the suitable course of action.

Next, those who are honorable in their dealings with all men, bearing easily what is unpleasant or offensive in others, and being as reasonable with their associates as is humanly possible.

Furthermore, those who hold their pleasures always under control and are not unduly overcome by their misfortunes, bearing up under them bravely and in a manner worthy of our common nature.

Most important of all, those who are not spoiled by their successes, who do not desert
their true selves, but hold their ground steadfastly as wise and sober-minded men,
rejoicing no more in the good things that have come to them through chance than in
those which through their own nature and intelligence are theirs since birth.
Those who have a character which is in accord, not with one of these things, but with all
of them these are educated--possessed of all the virtues

In a nutshell, educated persons are those who can choose wisely and courageously
under any circumstances. If they have the ability to choose between wisdom and
foolishness, between good and bad, between virtuousness and vulgarities, regardless of
the academic degrees they have, then they are educated.