In plain words
I have read the books, I have looked fully into all the śāstras, I have learnt peerless learning: so saying, why this pride? With your two hands joined, the Paramātma you cannot worship with Bhakti; these present-day learnings, all of them, are spoilt learnings: see, O man!
After reading so many books and learning so many kinds of learning, do these people have any Śānti? All the learning got from books serves only to earn a living. True education lies within every human being, turned inward. You think there is some greatness in studying the worldly kinds of learning. But however much they learn, not the slightest knowledge or discernment is to be seen in today's students. Parents send their children to schools. If you ask them what they send them for, they answer, ‘For a job.’ Having studied these studies, what are the children doing? They do not better themselves, and they do not help their parents. On top of that, they strut about full of Ahaṅkāra, thinking themselves highly educated.
Only those with humility and discernment are truly educated
The hallmark of education is humility. Without it, what is gained by learning however many kinds of learning? You must learn for the welfare of society. But are today's educated people of any use to society? Having learnt so much from society, they show society no fitting gratitude. The humility and discernment seen in the unlettered are not seen today in those who have studied.