When a product is manufactured in a high-cost country, shipped to China and subjected to a distributor mark-up, the end result is a very high landed price.
Runner-up: While it represents a new high water mark in networked media support for home consoles, the Xbox 360 does not allow personal media other than natively ripped CDs to be stored on its hard disk.
The "high-water mark" provision works this way: If the manager gets an incentive fee for taking the fund up X%, he doesn't get additional incentive fees until the fund tops a cumulative X% return.