Let’s begin with fiscal conservatism, then. It begins with integrity. You do excellent work. Not good work: excellent work. You know that your reputation, livelihood and security depend on the work you do. You take pride in the quality of your work: what you do and how you do it. You mind the details. You build good relationships, preferably with others who do excellent work. Where that is not possible – because you know the world is not Utopia and is made of all kinds of people with different priorities and abilities – you make sure those relationships do not imperil your work or reputation.
Here are the principles of fiscal conservatism
The World is Risky: Don’t Make it Riskier.
Thou Shalt Not Squander.
Do Good Work.
Reward Good Work.
Do Not Tolerate Waste.
Save Your Seeds.