For these reasons I feel the way to play the "winner's game" is to strive to "be the market" (through the use of low-fee, passive-oriented investment strategies and a heavy emphasis on asset allocation) as opposed to trying to "beat the market" (by looking for the proverbial higher-fee, four-leaf clover in the vast fields of the investment landscape).
PwC is now expected to face a heavy fine over its role in the client asset scandal which could have wrought unnecessary mayhem had the bank collapsed at the height of the financial crisis in October 2008.
Primary examples: gains from investments and asset sales, sharp declines in tax rates, overly optimistic assumptions on pension plan returns and heavy reliance on stock options as a form of compensation.