This one really frustrates me. Write code to the complexity level needed to solve the problem, and nothing more. The only time I'd break from this is if I know for certain that the added complexity is going to be necessary in the near term.
> ... not all refactorings improve the code.
While true, I have a low tolerance for code that requires constant bug fixing, or is so overly complex that the thought of modifying it makes you want to cry. Some projects truly require that level of complexity. But in my experience many do not, and once you've gained a solid understanding of the problems it is trying to solve, incremental refactoring is a fantastic way to improve the code's stability and maintainability. This is especially true in C++.