लोकः the world, आत्मप्रशंसिनम् praising one's own self, दुष्टम् wicked ones, धृष्टम् impudent, विपरिथावकम् an unchaste one, सर्वत्र all over उत्सृष्टदण्डंचनरम् one who goes about with a rod of punishment, सत्कुरुते treat with respect.

"Indeed, the world treats one with respect, who praises himself, as an impudent one, an unchaste one and one who goes about with a rod of punishment (not the one who is virtuous)."