स होवाच याज्ञवल्क्यः प्रिया बतारेनः सती प्रियं भाषस एह्यास्स्व व्या-ख्यास्यामि ते व्याचक्षाणस्य तु मे निदि-ध्यासस्वेति ॥ ४ ॥
In plain words
Yājñavalkya said, "Ah — you've always been dear to me, and now your words are dear too! Come, sit here beside me. I will explain it to you. And as I speak, hold it in your mind — really sit with it."
Close to the Sanskrit
He, Yājñavalkya, said: "Dear, ah — you who are dear to us are speaking dear words! Come, sit down; I will explain to you. And while I am explaining, reflect deeply on it."