Munger argues that the chances of success improve when people begin with goals that are realistically achievable. Before committing time, money or effort, it is useful to ask whether the objective fits the available skills, resources and circumstances.

The point is not that ambitious goals should be avoided, but that ambition needs to be matched with practical judgement. Pursuing an objective that is structurally unlikely to succeed can waste resources that might have been used more effectively elsewhere. Feasibility therefore becomes an important part of choosing where to compete and what to attempt.

More broadly, the quote reflects Munger’s preference for avoiding unnecessary difficulty. Good strategy is partly about selecting problems that can actually be solved. By starting with situations where success is possible and the conditions are favourable, a person or organisation can improve the odds of producing useful results.