||I am the wave, you are the ocean.
The body, mind and intellect is separate from the objects it perceives. This separation of the perceived from the perceiver is Dvaita.
||I, the wave, am but a part of you the ocean.
The body, mind and intellect are actually a part of the object it perceives. The Brahman encompasses the perceiver in the body, mind and intellect.
||You, the ocean and I, the wave are nothing but water, perceived.
The body, mind and intellect and the objects it perceives are in fact all the same and unreal and a result of the projection of the one reality of Brahman, a projection caused due to the perception itself.
A very simple way to look at some of the philosophies...
Posted by Hari Menon