Dumb kid: "Dad, my eldest nephew said that I should respect the old and love the young. What does it mean to respect the old and love the young?"
Silly Dad: "Respecting the elderly and caring for the young means respecting those older than yourself and caring for those younger than yourself."
A child: "Then why should I respect the elders and love the younger towards my eldest nephew?"
Silly dad: "He is older than you, so you have to respect the elders. He is younger than you, so you have to love the younger ones."
A child said: "But since I am senior to him, he should respect the elders, and if I am younger than him, he should love the young."
Silly dad: "..." (Daughter, you have revealed the truth...)