The archetype of the wise old man is encapsulated in various mythologies by figures like Gandalf from Tolkien's works, Merlin from Arthurian legend, and even in characters like Zeus. These figures usually possess ancient knowledge, guide heroes, and serve as mentors who impart wisdom and insight. They embody the values of experience and guidance, often influencing the course of heroes’ journeys. Their presence signifies that wisdom and understanding can transcend generations, highlighting the importance of knowledge and tradition in human endeavors.