Displaying 4 translations: Dyer, Henricks, Lau, Wu
Chapter 38 Dyer

A truly good man is not aware of his goodness and is therefore good.
A foolish man tries to be good and is therefore not good.
The master does nothing yet he leaves nothing undone.
The ordinary man is always doing things yet many more are left to be done.
The highest virtue is to act without a sense of self.
The highest kindness is to give without condition.
The highest justice is to see without preference.
When the Dao is lost there is goodness.
When goodness is lost there is morality.
When morality is lost there is ritual.
Ritual is the husk of true faith, the beginning of chaos.
The great master follows his own nature and not the trappings of life.
It is said he stays with the fruit and not the fluff.
He stays with the firm and not the flimsy.
He stays with the true and not the false.

Chapter 38 Henricks

1. The highest virtue is not virtuous; therefore it truly has virtue.
2. The lowest virtue never loses sight of its virtue; therefore it has no true virtue.

3. The highest virtue takes no action, yet it has no reason for acting this way;
4. The highest humanity takes action, yet it has no reason for acting this way;
5. The highest righteousness takes action, and it has its reason for acting this way;
6. The highest propriety takes action, and when no one responds to it, then it angrily rolls up its sleeves and forces people to comply.

7. Therefore, when the Way is lost, only then do we have virtue;
8. When virtue is lost, only then do we have humanity;
9. When humanity is lost, only then do we have righteousness;
10. And when righteousness is lost, only then do we have propriety.

11. As for propriety, it's but the thin edge of loyalty and sincerity, and the beginning of disorder.
12. And foreknowledge is but the flower of the Way, and the beginning of stupidity.

13. Therefore the Great Man
14. Dwells in the thick and doesn't dwell in the thin;
15. Dwells in the fruit and doesn't dwell in the flower.
16. Therefore, he rejects that and takes this.

Chapter 38 Lau

A man of the highest virtue does not keep to virtue and that is why he has virtue.
A man of the lowest virtue never strays from virtue and that is why he is without virtue.
The former never acts yet leaves nothing undone.
The latter acts but there are things left undone.
A man of the highest benevolence acts, but from no ulterior motive.
A man of the highest rectitude acts, but from ulterior motive.
A man most conversant in the rites acts, but when no one responds rolls up his sleeves and resorts to persuasion by force.

Hence when the way was lost there was virtue;
When virtue was lost there was benevolence;
When benevolence was lost there was rectitude;
When rectitude was lost there were the rites.

The rites are the wearing thin of loyalty and good faith
And the beginning of disorder;
Foreknowledge is the flowery embellishment of the way
And the beginning of folly.

Hence the man of large mind abides in the thick not in the thin, in the fruit not in the flower.

Therefore he discards the one and takes the other.

Chapter 38 Wu

High Virtue is non-virtuous;
Therefore it has Virtue.
Low Virtue never frees itself from virtuousness;
Therefore it has no Virtue.

High Virtue makes no fuss and has no private ends to serve:
Low Virtue not only fusses but has private ends to serve.

High humanity fusses but has no private ends to serve:
High morality not only fusses but has private ends to serve.
High ceremony fusses but finds no response;
Then it tries to enforce itself with rolled-up sleeves.

Failing Tao, man resorts to Virtue.
Failing Virtue, man resorts to humanity.
Failing humanity, man resorts to morality.
Failing morality, man resorts to ceremony.
Now, ceremony is the merest husk of faith and loyalty;
It is the beginning of all confusion and disorder.

As to foreknowledge, it is only the flower of Tao,
And the beginning of folly.

Therefore, the full-grown man sets his heart upon the substance rather than the husk;
Upon the fruit rather than the flower.
Truly, he prefers what is within to what is without.