The document explains how to manage and configure stack traces in Mule, highlighting that stack traces provide a list of method calls at the time an exception occurs. It details various methods for configuring stack traces, including command-line arguments, Anypoint Studio settings, and JMX, allowing developers to either filter or view unfiltered stack traces. Key properties for controlling stack trace behavior are also outlined, including 'mule.stacktrace.full' and 'mule.stacktrace.filter'.