The horses that are unbroken and incapable of being controlled, always lead an unskilful driver to destruction in the course of the journey; so one’s senses, unsubdued, lead only to destruction. The inexperienced wight, who, led by his unsubdued senses, hopeth to extract evil from good and good from evil, necessarily confoundeth misery with happiness. He, who, forsaking religion and profit, followeth the lead of his senses, loseth without delay prosperity, life, wealth and wife.

In plain words: Just as wild, untrained horses crash a careless driver, uncontrolled senses lead a person to ruin. Someone ruled by cravings mixes up what will make him happy and what will make him miserable, and by ignoring what is right he soon loses wealth, life and family.