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James Cordier is a man supposed to be good with money. He is a hedge fund manager and reportedly managed approximately $ 150 million for nearly 300 clients for Optionsellers.com. As Bloomberg points out, Cordier also wrote a 2014 book titled The complete guide of the optional saleand an archived version of his recently cleaned company website said it was "Where the financial world turns to expertise."
Cordier is also apparently a man who confesses his losses – and that many of his customers have seen their savings destroyed – on YouTube.
Earlier this week, Cordier posted a video in which he apologized for losing everyone's money.
Sitting in a brown armchair against a black background and clasped hands, flaunting his cufflinks and his seemingly expensive watch, Cordier said with emotion that he was sorry.
"Needless to say, the events of the past week have been incredibly devastating for our customers," said Cordier, who struggled to keep his cool when he spoke of people who trusted him. "Many of you have chosen to entrust us with the ability to navigate the investment world. … I've always talked about directing your investment like a boat. I remember so often that if you steer the steering wheel and make small turns, that's fine. If you make big turns, it's probably not what you want to see. "
Consider this as a gigantic wheel ride.
Cordier explained that the volatility in the oil and natural gas markets had created "a dishonest wave for which I could not sail" and that "this messy wave made our boat capsize".
Cordier also explained in the video – whose original would have been deleted, but has since been reposted on YouTube – that he rarely calls his clients as "customers" because he prefers to call them his "family". interesting tour. He apologized to a Michigan couple because he had never had the opportunity to go bass fishing with him, had expressed regret for another guest as it seemed like a trip to the Cote d'Azur would probably be muffled, and had expressed regret for an Australian couple I would not be watching sunsets on the Gold Coast with them in the near future.
The apology sounded sincere, but Cordier also lacked self-awareness in those instances – and noted on the video that he was claiming that his staff would be the one who would answer all the phone calls of surely livid customers who l? had probably headed.
Few people on YouTube have expressed their sympathy.
One speaker wrote: "If volatility wipes out, you are not a hedge fund. You are a high risk fund. "Another commented," "Run your investment like a boat?" This sounds right since his boat was clearly the Titanic. "
And another could not help comparing it to a controversial YouTuber who was also apologetic this year. This person wrote: "Even Logan Paul had the good sense to remove the Rolex before filming his video of excuses."
Josh Katzowitz
Josh Katzowitz is the Weekend editor for the Daily Dot and covers the world of YouTube. His work has appeared in The New York Times, The Wall Street Journal, The Washington Post, and The Los Angeles Times. He is also a long-time sports writer, covering the NFL for CBSSports.com and boxing for Forbes. His work has been noted twice in the Best American Sports Writing series.
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