Failure is an inevitable part of success. The document discusses many examples of successful people who experienced failures and setbacks but refused to give up. It emphasizes that champions understand it is better to face outstanding failures than mediocre successes, and that those who persist despite temporary setbacks and midway failures are the ones who can finally sign their own success stories. It encourages the reader to never give up, keep moving forward, and view challenges positively as questions looking for alternative solutions rather than as failures.