We begin by examining again the nature of equanimity, identifying seven core qualities of equanimity, including a kind of faith or confidence, illustrated with Dr. Martin Luther King, Jr.'s account of his midnight "cup of coffee" experience. We point to two typical distortions of equanimity--being overly cool and cut off some from the awakened heart, and disconnecting from action. We then look at the nature of compassion, and see how the development of compassion helps us to respond to these two distortions. In a parallel way, we see how several typical distortions of compassion, such as pity (the "near enemy"), burnout, and confusion (or lack of wisdom), are remedied by the development of equanimity! Together, they help us develop wisdom and the awakened heart, supported by courage (as we learn from the Vietnamese Buddhist tradition).