sagacious - sah-GAY-shus - shrewd, keen, perceptive, discerning, sage
Example: "After watching 35-minutes of TV advertisements during an hour segment of the Olympics, an observer made a sagacious comment: 'No doubt about it; all ads lie.'"
As a starter: and as a former teacher in English, I hope to add to reader's vocabulary by presenting a word a day in simple terms that anyone can understand - from current use in publications, radio,TV, etc. Remember: use a new word three times in a day and it's yours forever!