In plain words
A power that is not in the young dawns in the old. Even after they retire, scientists are greatly valued, are they not! The intelligence and the new ideas that are in them are not to be found in anyone else. If the young want proper training, they must keep their parents with them, recognise the good thoughts and good qualities that dawn in them, and act by them.
Do not neglect your elders and the old
If you gather the power of your mind and inquire into the kind of things your elders do, much wisdom will grow in you; many good changes will come into your life. The old must not be pushed aside as useless. Only when we take them as our ideal and walk along their path will we be able to recognise the truth. You praise the strength of Bhīma's arms highly. But it is not only the strength of his arms; his strength of understanding and his intelligence too were very great. In the same way, the thoughts that dawn in the old are very great. The ideals they hand on to children are of great worth. But unable to understand them rightly, children brush their words aside: ‘The old people are saying something or other.’ They pay no heed to the thoughts that dawn in them and push them aside. Do not push them aside like that; hold on to them firmly and go on following them. From those who are old, a great deal of strength can be given to the world. It is with the aim of drawing out such strength and holding up an ideal before the young that today we are bringing to light the principle of the ancient ṛṣis. From today we must make the Bhīma Ratha Śānti grow. It is of great importance for the age to come.
If we are to experience joy in the future, we must not neglect our elders and the old. The plans elders make for their children's future are very great.