Hottest links for Thursday (the late edition) August 15th, 2013 (see Wednesday’s edition of hottest links here). Top stories for today include; The map of countries Britain invaded looks nearly identical to the map of the globe, but which countries did Britain and other European countries discover?; 13F day is over, but we have all the coverage of what happened right here; Is Koss Corporation the worst investment in the world?; Europe- the storm is far from over; The Davian Fund and three lessons for investors from this alleged ponzi scheme; Was there insider trading before Carl Icahn announced his Apple investment? Take a look at some of the evidence; Dick Bove has now taken up bitcoins, and thinks they are a buy at $50; that and more below.

Note ValueWalk will be open for business next week, but the writer of this article will be unavailable so our daily links will take a pause. We hope to have more on Friday and possibly Sunday.

Hottest Links

Hottest Links: Stories

Hedge Fund 2Q 13F Summary

Take a look at 13F data from Omega Advisors, Berkshire Hathaway, Soros Fund, Third Point, Pershing Square, Greenlight Capital, Paulson & Co., and other famous firms. [Value Walk].

Koss Corporation Is A Grossly Overvalued, Dying Company

It is rare to find a company that has so flaws, but a bold statement here on Koss Corporation (NASDAQ:KOSS). Not only is the company over-valued, but they also are dying and have terrible management. [Jason Rivera, Value Investing Journey]

What Lands Did Europeans Really Discover?

Nice work by Bill Rankin over at Radial Cartography. He tries to map out lands that were really uninhabited prior to discovery. You’ll notice they were mostly small islands. [Bill Rankin, ChartPorn]

Three Lessons from the Twitter Hedge Fund Ponzi

The SEC has charged Anthony Davian, a make-believe “successful hedge fund manager” from Akron, Ohio with operating a Ponzi scheme. What lessons can we as investors learn from here? [Joshua M Brown, The Reformed Broker] As always, Deal Breaker has the humorous take and title on the scam uncovered by investigate reporter, Roddy Boyd.  [Bess Levin, DealBreaker]

Europe: Crisis Unlikely Over

Bridgewater recently pondered a perfect storm in Europe, breaking down numbers, and listing five catalysts. While the world seems to gloss over Europe’s problem is it facing, why the crisis is likely far from over. [HistorySquared]

Where’s Our Chinese Wall? Finra Wants to See it.

More on the alleged Chinese wall. Some very good research and analysis on the topic of separating M&A from sell side part of the firm. [Jeremy L. Bartell, Financially Regulated]

Light at the End of the Tunnel: Patience and Discipline Matter Most

The small-cap market reached peaks in July 2007 and April 2011 before surging to its most recent record highs. [Royce Funds]

Trials and Tribulations of Negative Enterprise Value Investing

Negative enterprise value stocks are a big hunting ground for value investors. But where there is deep value there also exists trials and tribulations. [Alon Bochman, CFA institue]

Guy Who Married Steve Cohen’s Sister

If you plan at long last to file your tear-stained redemption notice with SAC Capital Advisors next Friday– as reports suggest the few of you who haven’t already will do– an exciting opportunity is on the horizon. [Jon Shazar, DealBreaker]

Unreliable Guesswork in Valuing Murky Trades

On Wall Street, bets worth hundreds of billions of dollars are valued using a considerable amount of guesswork. An interesting analysis on valuing derivatives and the case of JPMorgan Chase & Co (NYSE:JPM). [Peter Eavis, DealBook]

Bitcoins Are A Buy At $50, Richard Bove Says

Dick Bove, vice president of equity research at Rafferty Capital Markets, left his old firm after a trade which cost the company one billion. However, his career is far from over, he is now analyzing the value of the digital currency known as bitcoins. [Saumya Vaishampayan, MarketWatch]

Frontrunning Icahn’s Tweets

Apple Inc. (NASDAQ:AAPL) insider trading before Carl Icahn’s tweet which pushed up the market cap by about $20 billion? Some evidence on that topic. [Wesley R. Gray, Turnkey Analyst]

Not the Onion

Silicon Valley Bigwig Jailed For stealing Lego

A big venture captalist in silicon valley is facing serious charges (including jail time) over stealing………………………………some legos, story on that here. [Orange]