Volatile commodity markets often lead to colossal failures, as the founder of a Tampa, Florida-based options firm acknowledged in a bizarre, 10-minute YouTube confession in recent days.

In the video, a money manager named James Cordier tells his 290 clients that he couldn’t navigate a “rogue wave” that hit as oil and natural gas markets gyrated severely. His voice shaky and halting at times, Cordier delivered the rambling message while sitting at an uncluttered desk, wearing Wall Street’s standard-issue suit, cuff links and wristwatch. Read more here