I think he's dismissing the 7% too readily - to me, the conclusion you can draw is that "if you don't have talent, you'll never be the best".
But being in the 93rd percent of public equity investors will make you mightily rich.
At least in the context of this study, amount of practice is the dominant term.
Exactly, greats don't just show up great. Carmack is considered great in the field of graphics programming, and if the Masters of Doom book is correct he is a mix of tons of talent and lots of practice.