See Charles Muller’s online version of the Analects here:
http://www.acmuller.net/con-dao/analects.html#div-3

[2-1] 子曰。爲政以德、譬如北辰居其所而衆星共之。

[2:1] The Master said: “If you govern with the power of your virtue, you will be like the North Star. It just stays in its place while all the other stars position themselves around it.”

爲 = wéi = to act as
政 = zhèng = government
以 = yǐ = with; therefore
德 = dé = virtue

譬如 = pìrú = for example
北辰 = běichén = North star
居 = jū = live, dwell, reside
其 = qí = his; her; its; their; that; such; it (refers to sth preceding it)
所 = suǒ = g.p. (transforms following transitive verb into a nominal phrase describing the object of the verb); actually; place, dwelling
而 = ér = conj. and (joins verbal phraes)
衆 = zhòng = all, masses, people, multitude
星 = xīng = star, satellite
共 = gòng = together
之 = zhī = possessive particle