I believe his words but what he fails to add is point number 7;
Be prepared to walk straight over people. Be relentless in your domination of others. Throw away any and all morals until you can afford to have them. And lie. And cheat constantly. Do whatever, whatever is available to you to get ahead. Do so without zero regrets and qualms. And once you get there, be prepared to destroy those that want to come and take what you have. Be it a movie role, a large contract or a great job. Do so without mercy.
Maybe then you have a chance at great success. Like Arnold done.