The story describes a race between a hare and tortoise where the hare initially wins by getting overconfident and resting, allowing the tortoise to finish first. They have multiple rematches, with each learning lessons - the hare about overconfidence and the tortoise about playing to his strengths. Ultimately, they realize their greatest success working as a team, with each using their own skills to complement the other. The moral is that both individual excellence and teamwork are needed to achieve the best results.