ISSUE 002 · May 26, 2026
 
Resurgam.
I shall rise again. A dispatch from Phydra.
 
壱 · 01 · The Article

The Quote Everyone Misreads About Character. Maya Angelou Didn’t Mean That.

Thud.

A fist on the door changed the way I think about character.

Thud. Thud.

I was sitting in my house when the pounding started. Not a polite knock. The kind that carries urgency and authority.

Thud. Thud. Thud.

When I opened the door, two men introduced themselves as FBI agents. After a quiet moment of us staring at each other, they stepped inside and began asking questions.

Very quickly I realized something strange was happening. They kept calling me "Bill."

I told them they had the wrong person.

After a moment of confusion they asked if I had identification. After I carefully and slowly moved my hand to my back pocket to extract my wallet, I showed them my driver's license. They took a hard look, rolled their eyes at each other, and then explained what was going on.

Someone named Bill had been involved in a series of fraudulent transactions and my address had been used in the paperwork. Checks, filings, documents, and government contracts.

The trail led straight to my front door.

I knew exactly which Bill they were talking about.

Resurgam Insight
Shane Parrish, the founder of Farnam Street, makes the case for more humanity: "Forgive everything but malicious intent. Nearly everyone deserves a second chance."

Here, “malicious intent” means deliberate harm or deliberate deception. Not mistakes, immaturity, fear, or poor judgment.

I believed in forgiveness. And second chances. I still do.

But here’s what nobody tells you about second chances: generosity without discernment doesn’t earn trust—it just delays the lesson.

I knew what the signs meant. I just didn’t want them to mean what they meant.

That’s the part nobody talks about when they quote Maya Angelou saying, "When someone shows you who they are, believe them." They make it sound like an instruction for condemning people.

But what actually happened to me was uglier than the popular version of this quote. And far more useful.

When the FBI showed up and called me Bill, the truth was standing right there in front of me. I could feel it.

And still, I tried to negotiate with reality, because I wanted the story to end well.

That’s how I learned what the quote really is: not a verdict on someone’s soul, but a warning about the signals you can’t afford to ignore.

And if you're someone who gives people chances, this distinction will change how you judge character—and protect you.

Let me show you what I mean

The Deal That Started It All

In my mid‑twenties I was a young CEO trying to prove something to the world and probably even more to myself.

Bill approached me with an opportunity.

If I helped him close a deal using connections I had built he would pay me $300,000 and give me a 10% kicker on future work that might come from the relationship.

If things went well the total could reach $700,000 or $800,000 over the next year.

For someone in their twenties that kind of money feels like validation. It means you're doing something right.

As we worked through the deal I began to notice things that didn't sit quite right.

Bill embellished stories. He promised aggressive timelines that seemed unrealistic. The information he presented to the client occasionally felt one‑sided.

None of it was enough to stop the deal.

But it was enough that a small voice in the back of my mind whispered that something was off.

I ignored the voice.

Part of it was inexperience. Part of it was ambition. And part of it was something even more dangerous: I believed Bill might bend the truth with other people but he wouldn't do it to me. I was too special and too useful to be scammed. Bill needed me.

We closed the deal. It was a few million dollars in total value. Not massive but enough that both of us would each walk away with around $600,000.

When the project finished Bill called me to his office and handed me a check in an envelope.

The check bounced.

When I went back to Bill he apologized and said he had stopped payment because he thought the client might not pay us — which didn't make sense, because Bill had informed me that we had already been paid.

He wrote a new check and reassured me everything was fine.

The second check bounced too.

A few days later I got a call from Bank of America who called me into their office and warned me that if this behavior continued they might have to close my accounts.

So I confronted Bill again. More excuses. More promises.

He said he would wire the money in a few days.

A few days became a week. A week became months.

Eventually it became obvious that the money was never coming.

I had ignored every signal along the way. I wasn't too special or useful or important to be scammed.

In fact, I was just gullible enough that I made the perfect mark.

When I saw who Bill was, I should have taken note. Instead, I made excuses and it cost me.

Which is ironic, because the lesson I learned is different from what you've probably been told.

In fact, you've certainly been around friends, roommates, business people, or watched a video recently on YouTube where you were told exactly the opposite of what I had experienced.

And it's just as damaging.

The Quote Everyone Repeats

There's a quote people love to repeat when talking about situations like this.

Maya Angelou famously said, "When someone shows you who they are, believe them."

Today the quote is often used like a hammer.

Someone lies once? Believe them.

Someone disappoints you? Believe them.

Someone has a bad moment? Believe them.

The modern interpretation turns the quote into justification for cutting people off quickly and permanently.

But when I started looking deeper I realized something interesting.

Resurgam Insight
The quote most people repeat isn't the actual quote.

Angelou wrote in her book, Letter to My Daughter: "When someone shows you who they are, believe them the first time."

Those three words, “the first time”, change everything.

Those three words don’t mean “never forgive.” They mean: don’t talk yourself out of the signal just because you want a better ending.

Angelou wasn't arguing that people can never change.

She was warning us about a different problem entirely.

Humans are incredibly good at ignoring signals we don't want to see.

We rationalize inconveniently bad behavior. We excuse red flags. We invent explanations because we want the story to turn out well.

In other words, the danger is not believing people too quickly.

The danger is refusing to believe them at all.

Why We Ignore the Signals

Looking back, Bill showed me who he was many times.

He showed me when he exaggerated stories.

He showed me when he bent the truth with the client.

He showed me when he promised timelines that were impossible to meet.

Each moment was a small signal.

And each time I found a way to explain it away.

I wanted the opportunity to work. I wanted the money. I wanted the story to end well.

So I convinced myself that ambition explained his behavior.

I told myself he was just a "warrior" trying to win.

The truth was simpler.

He was showing me exactly who he was.

But Here's the Part People Get Wrong

Even though I ignored those signals, I still struggle with the modern interpretation of Angelou's quote.

Because I know something else is true.

People can change. You can. Then can. Anyone can.

Looking back at my own life there are plenty of moments where my behavior did not reflect the person I eventually became.

There were times when fear made me dishonest.

Times when pressure made me petty or defensive.

Moments where my character looked nothing like the trajectory of my life.

If someone had judged me permanently in those moments they might have written me off.

Thankfully some people didn't.

Mentors, friends, attorneys, and business leaders invested in me for more than twenty years.

They offered advice about leadership, humility, relationships, and integrity even when I wasn't always ready to hear it.

Often it took years before their lessons truly sank in.

Why did they keep investing?

I think they saw two things.

First, effort. I was willing to keep trying even when I failed.

Second, trajectory — what happened next.

I didn't always get things right, but I rarely made the same mistake twice.

The Lou Gehrig Lesson

There's a story about Lou Gehrig early in his career.

His coaches were frustrated with him because he seemed to make every mistake in the book.

Someone suggested sending him down to the minor leagues.

Another coach stopped the conversation and said something simple: "He makes every mistake in the book, but he never makes the same one twice."

That distinction matters.

Anyone can have a bad moment.

Character reveals itself in what happens next.

Do you deny the mistake or admit it?

Do you blame someone else or take responsibility?

Do you repeat the behavior or learn from it?

Trajectory tells you far more about a person than any single moment ever could.

Compassion and Boundaries

So how do we hold these ideas together?

On one hand Maya Angelou reminds us to believe what people show us.

On the other hand life teaches us that humans are capable of growth.

The answer is not choosing between compassion and caution.

The answer is understanding how they work together.

Compassion should be the default.

Trust must be earned.

So ask yourself today: Where did someone show you who they were—and you chose a story instead of the signal?

Then decide what you’ll do differently the first time, next time.

Compassion means acknowledging that people are imperfect and capable of growth.

Trust means recognizing that growth must be demonstrated over time.

You don't write someone off for a single failure.

But you also don't ignore patterns of behavior that continue without change.

  1. Stop the story. Pause long enough to see the facts without the "negotiation."

  2. Call it what it is. If it’s dishonesty, call it dishonesty. If it’s a pattern, call it a pattern.

  3. Choose the boundary. Compassion is a gift you give others; trust is a boundary you keep for yourself. You are not obligated to let anyone inside your circle.

Resurgam Insight
Another piece of wisdom from the Christian New Testament captures the same idea from a different angle: "Don't cast your pearls before pigs."

The message isn't about judging people harshly.

It's about recognizing that wisdom and trust should be given where they will be respected.

Compassion without boundaries becomes naivete.

Boundaries without compassion become cynicism.

Wisdom lives somewhere in between.

The Hard Truth About Change

People say change is hard.

I'm not sure that's true.

Changing behavior is often straightforward once someone decides they truly need to change.

The hard part is needing to change.

Most of us prefer comfort.

Growth requires pain, humility, and the willingness to admit we were wrong.

Without those forces many people drift.

That's why trajectory matters so much.

When someone consistently admits mistakes, apologizes, learns, and tries again you are watching character being formed in real time.

Character isn't a fixed statue. It's clay that never fully dries.

The End of the Story

About 15 months after the deal with Bill collapsed I heard that knock on my door from the FBI.

The agents eventually sorted out the confusion and realized I wasn't the man they were looking for.

Bill had simply used my address in his paperwork while defrauding the federal government.

I don't know what ultimately happened to him. I was told that he served time in prison, but our paths never crossed again.

What I do know is this: Bill showed me who he was many times.

The problem wasn't that I judged him too harshly.

The problem was that I refused to believe him.

What I've Learned

When people show you who they are, believe them.

But keep watching what they do next.

Judge people less by their worst moment and more by their direction.

Look for humility. Look for effort.

Look for the willingness to say three simple things: I'm sorry. Thank you. I love you.

Compassion should be the default.

Trust must be earned.

And wisdom often comes from the painful lessons we wish we had learned earlier.

What boundary do you need to set today, so you’re ready to believe them the first time, next time?

 
弐 · 02 · Field Quotes
“Compassion is a gift you give others; trust is a boundary you keep for yourself. You are not obligated to let anyone inside your circle.”
— Dan Waldschmidt
 
“I never allow myself to hold an opinion on anything that I don't know the other side's argument better than they do.”
— Charlie Munger
 
参 · 03 · Dispatches
MUST READS
Edison by Edmund Morris
Most people know Thomas Edison for one filament of glass in a high school textbook — the man who lit the world. This book drags the rest of him into the light: 1,093 patents, twenty-hour days, and a work ethic so brutal it should embarrass anyone who calls themselves driven.
 
TAKE ACTION
Write it out
Grab a piece of paper and fold it in half so you have two columns. At the top, write the name of the one person in your life whose behavior is actually hurting you right now — not the one it's polite to name, the one it's honest to name.
In the left column, answer one question: what's the trajectory? Is this a bump in the road, or is this an ongoing pattern? Be honest with yourself. Most of the time, it's the second one.
In the right column, write your boundary. Remember — a boundary is not a demand you make of them. It's something you will do. "If you can't tell me the truth, I will no longer be able to continue this relationship." That's a boundary. Anything softer is a wish.
Fold the paper. Put it in your wallet or your purse — somewhere you'll feel it every time you reach for your keys. This is what accountability looks like when it stops being a slogan and starts being action.
 
CONNECT
Let's connect on LinkedIn
I've built a deep network across tech, capital, and operators—and I get a real kick out of opening doors for people chasing something hard.
 
Sit in the fire. Laugh at the flames.
— Phydra
Phydra.  Dominance reborn.

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