The allegorical figure of Lady Philosophy comes to Boethius as he rots away in a prison cell, awaiting execution on a trumped-up charge of sedition. While there, she attempts to console Boethius by getting him to adopt a broad perspective on life that will shed light on his current situation and place it in its proper context. In other words, she wants Boethius to see the bigger picture, as it were, and how his life fits into it. By doing so, she believes that she will enable Boethius to face up to his imminent demise with courage and fearlessness.
As part of her attempt to console Boethius, Lady Philosophy argues that it is wrong to see wicked men as happy and powerful. This is a common misconception that she hopes to clear up. All around us, we see evil men doing as they please and seemingly deriving great pleasure from their wicked actions and the power that their evil brings. Is it not reasonable, then, to conclude that the wicked are all too often happy and powerful?
According to Lady Philosophy, the answer to this question is a resounding no. To regard the wicked as powerful and happy is to misunderstand human nature. In particular, it ignores the part that the divine reason plays in governing men's lives. However it may often appear to the contrary, there is always a guiding hand at work in the universe, a divine hand belonging to a deity that sees how everything fits together and how even evil actions can ultimately contribute to the good.
The deity sees the bigger picture, and although Boethius himself will of course never be able to achieve a God's-eye view of things, he can certainly become more godlike through the kind of wisdom that only Lady Philosophy can provide.