This document discusses Oracle wait events. It explains that wait events track where Oracle is spending its time, including different types of waits like CPU time, I/O events, enqueue events and latch events. It provides examples of specific wait events like db file sequential read, direct path write, log file sync and buffer busy waits. It also gives recommendations for interpreting wait event data and resolving high wait times through methods like tuning SQL, improving I/O speeds, and reducing contention.