Interesting writing style.
I really like the quote; "It's always the meta-game that gets you." (which is the whole point of the essay really).
Basically, if you think that you've found a way to win the mini-game that you're playing - you're being a coyote - so watch out! Because when that mini-game ends, the bigger, meta game is going to blow up and end your fun.
It's basically the concept of "finite" vs "infinite" games: Don't play an infinite game like a finite game. You'll think that you're clever and winning while you're playing - but the game will always get you in the end.