The “Way of the Two Masters” is an acknowledgement for those who believe in the God of the Universe that there is what pleases Him, and everything else. There is not “my way” “your way” and “everyone can do what they want” way; that’s not how the God of the Universe works.
It doesn’t require much learning to see that this is true, for He sent His son, the Lord Jesus, to enumerate in plain terms what “God’s Way” is:
41 O then, my beloved brethren, come unto the Lord, the Holy One. Remember that his paths are righteous. Behold, the way for man is narrow, but it lieth in a straight course before him, and the keeper of the gate is the Holy One of Israel; and he employeth no servant there; and there is none other way save it be by the gate; for he cannot be deceived, for the Lord God is his name. (2 Nephi 9:41)
When Jesus gave this teaching to His followers in Israel, and they wrote it down, it was put in the following framework:
12 Therefore all things whatsoever ye would that men should do to you, do ye even so to them: for this is the law and the prophets.
13 Enter ye in at the strait gate: for wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat:
14 Because strait is the gate, and narrow is the way, which leadeth unto life, and few there be that find it.
15 Beware of false teachers, which come to you in sheep’s clothing, but inwardly they are ravening wolves. (Matthew 7 WEY)
The Golden Rule is that we treat others how we want to be treated including the God of the Universe. He says, if we follow the teachings He gave through His Son, Jesus, it will be well with our souls. We all understand the concept of obeying laws, we do it in other areas of life including school, work, and the government, but for some reason people think they can betray their consciences (where the God of the Universe resides), break His laws (harming others all the while) without recourse:
13 And shall receive the reward of unrighteousness, as they that count it pleasure to riot in the day time. Spots they are and blemishes, sporting themselves with their own deceivings while they feast with you;
14 Having eyes full of adultery, and that cannot cease from sin; beguiling unstable souls: an heart they have exercised with covetous practices; cursed children:
15 Which have forsaken the right way, and are gone astray, following the way of Balaam the son of Bosor, who loved the wages of unrighteousness; (2 Peter 2)