The document discusses the importance of character. It argues that character alone determines a person's success or failure, not status or physical attributes. While no one is perfect, the key is to continuously work to reduce flaws and improve one's moral standards. Parents play an important role in building a child's character through nurturing their intellectual and moral development in a thoughtful environment. Adversity can also help build character by testing one's resolve to overcome difficulties through hard work and perseverance.