I believe the MOST important step in the art of paraphrasing would be to keep the original meaning, but yo present it in a new form. You can use synonyms and words that give you a better understanding to do this.
One step to paraphrasing is asking questions circling something you're unsure of draw a line and put a question near the line a lot of people does that method
Answer: I am not sure what text this is from but according to the quote, The speaker hates his "enemy's" parsay, but he hates himself more, likely due to him not having the courage to do something