Hrothgar continues his moral advice to Beowulf, first because he values the man himself and second because he senses that Beowulf may eventually become a king. The specific sin he highlights is covetousness: attempting to accumulate wealth for its own sake, rather than using it to recognize and reward his supporters. A covetous man, he says, gives up the "place of honour" he should have.
Hrothgar then focuses on mortality, as it applies to man in general and to Beowulf and himself in particular. The points he makes about his own life later apply to Beowulf's. Hrothgar ruled his people for fifty years, as Beowulf will; Hrothgar's prowess in war brought security to his people for a time, as Beowulf's will. The peace he forged for the Danes was shattered by the monster Grendel, as the Geats' peace would be by a dragon. Finally, Hrothgar speaks of his satisfaction at seeing his enemy lying, dead, as Beowulf will see the dragon. In a way, as Hrothgar seems to recognize, Beowulf is a younger version of himself.
Night comes. The men sleep.
In the morning, the raven announces that a new day has come, and Beowulf begins his farewells. First, he returns Unferth's sword to him, politely praising its quality, although it had not helped him in the fight against Grendel's mother. He then approaches King Hrothgar.