Folly
cekel (seh'-kal)
silliness; concretely and collectively, dolts -- folly.
is set
nathan (naw-than')
to give, used with greatest latitude of application (put, make, etc.)
in great
rab (rab)
abundant (in quantity, size, age, number, rank, quality)
dignity
marowm (maw-rome')
altitude, i.e. concretely (an elevated place), abstractly (elevation, figuratively (elation), or adverbially (aloft) -- (far) above, dignity, haughty, height, (most, on) high (one, place), loftily, upward.
and the rich
`ashiyr (aw-sheer')
rich, whether literal or figurative (noble) -- rich (man).
sit
yashab (yaw-shab')
to sit down (specifically as judge. in ambush, in quiet); by implication, to dwell, to remain; causatively, to settle, to marry
in low place
shephel (shay'-fel)
an humble rank -- low estate (place).