The 0.03% Law

Soros once introduced the 0.03% Law:
Among 10,000 futures traders:
1,000 people can correctly predict the market trend,
which means about one-tenth of the total can see the market correctly;
but among these 1,000 people who see the market correctly,
only 100 can actually make correct trades,
meaning they are willing to use their own money to place orders,
so overall, only 1% of the total can both see and trade the market correctly;