This study investigates the concept of wisdom in certain elderly care institutions from a pragmatic perspective. It aims at: pinpointing the speech acts that are utilized in elderly residents' wisdom; and figuring out the types of deictic expressions which are widely observed in them. An eclectic model is utilized for analyzing the data of the study which are collected from certain institutions for elderly namely: St. Clair Nursing Centre, Birch Creek Assisted Living, Orbost Regional Health, Dungate Manor Care Home, and College View Nursing Home. The model consists of two pragmatic tools: speech acts and deixis. The findings show that elderly residents exploit two pragmatic means to generate their pieces of wisdom: the speech act of directive and person deixis. The conclusions of the study prove that elderly residents’ pieces of wisdom are transmitted by the use of three speech acts: recommending, warning, and advising and that each piece of wisdom consists of one or two of person deictic expressions to achieve certain purposes.