The Torch Magazine,
The Journal and Magazine of the
International Association of Torch Clubs
For 92 Years
A Peer-Reviewed
Quality Controlled
Publication
ISSN Print 0040-9440
ISSN Online 2330-9261
Winter
2018
Volume 91, Issue 2
Articles for the Winter
2018 Issue
- Benjamin Graham:
The Father of Value Investing and
His Unconventional Life
by Kandra
Hahn
Benjamin
Graham is revered among
investors as the father of the
style of investing known as
"value investing" and as the
author of The Intelligent
Investor. Written in 1949
and still in print, it is
routinely included in lists of
the top five or ten books every
investor should read. Yet,
though he developed a system of
research, calculation and calm
rationality in investment,
Benjamin Graham’s personal life
was, in contrast, one of chaos,
unconventionality and
pain.
- Echoes of the
Old West in Science Fiction
by John Fockler, Jr.
At
first glance, the title of this
paper appears
self-contradictory. How could
science fiction, typically set
in the future, have anything to
do with the Old West, our
catchall phrase for a place
bounded geographically by the
Mexican and Canadian borders,
the Mississippi River, and the
Pacific Ocean, and a time
roughly defined chronologically
as from 1848 to 1900? This
paper explains how.
- What is
"Settled Science"?
by David H.
Berkbile
The
term "settled science"
has been applied to many
things in the last few
years, global warning or
climate change among
them. The term suggests
that meaningful debate
on a particular point
has closed, that
consensus has been
reached. But what does
the term actually
mean? Science is
always changing as new
evidence is discovered.
- The Salisbury
Prison: North Carolina's
Andersonville
by Joel R. Stegall
The
American Civil War has
a few alternate
designations, some
startlingly inventive,
like "the Late
Unpleasantness"
and "the War of
Northern Aggression."
Whatever name we apply
to that American
tragedy of 1861-65, it
remains a topic of
continuing interest
even 150 years later,
with new books and
documentaries
constantly appearing.
Even so, a few aspects
of the war remain
relatively little
known, such as the
role played by a
Confederate POW camp
in Salisbury, N. C.
The Salisbury Prison
was not as large or
well known as
Georgia’s
Andersonville, but it
meted out misery and
death on similar
levels of horror and
revulsion. Several
survivors are
mentioned. One
founded what today is
Duke University.
Another survivor was
the great-grandfather
of the author of this
paper.
- Toward an
Understanding of the Middle
Kingdom
by M. Roy Schwarz, M.D.
When Napoleon was
asked about China, he said, "Let
the Dragon sleep for if he awakes,
the world will tremble!" There is
little question that the Dragon is
now awake, but should the world
tremble? To answer this question
requires at least some
understanding of the Middle
Kingdom. This paper will share
insights into such an
understanding based on 67 trips to
China as President of the China
Medical Board, a foundation
created by the Rockefeller
family.
- How Japan
Blundered into an Unwinnable War
by Bob Mackin
Let's
begin at the end: an underground
bunker within the stone walls of
the imperial palace in Tokyo on
what would be the last night of
Japan's unwinnable war—August
14, 1945. Inside the bunker, the
air conditioner has stopped
working. It is cramped, humid,
hot, the mood solemn. The
emperor of Japan meets with this
top advisors and generals, their
once resplendent uniforms
soiled, collars unbuttoned. Gone
are the early victories at Pearl
Harbor, Wake, Bataan,
Corregidor. Japan's
leaders have since known nothing
but defeat after defeat at
Midway, Guadalcanal, Tarawa,
Saipan, Okinawa. The
emperor, the son of heaven,
begins to weep, and those in the
bunker weep with him. Then the
emperor pulls himself together
and tells them he will accept
the most recent offer of the new
American president and
surrender. At last, after some
15 years of going along with the
military, he has made the
decision to end the war.
- Lindberg's
Flight
by Edward F. Weber
In the dark
of the night on May 21, 1927,
Charles A. Lindbergh, 25 years
old, flying alone in his
single engine monoplane, "The
Spirit of St. Louis," circled
the Eiffel Tower at 4000 feet.
The lights of Paris were
twinkling below him. A few
minutes later he landed his
ship (as he called it) at Le
Bourget Airfield. The young
aviator had just completed a
flight of 3600 miles which
began at New York City 33
hours and 30 minutes
before—the first
trans-Atlantic crossing ever
made by air. 150,000 French
men and women swarmed across
the landing strip. They pulled
him from the cockpit and did
not allow his feet to touch
the ground until 30 minutes
later. Overnight an American
hero had been born. He
was lucky. Just a short
delay would have allowed
several other teams to have
seized the fame.
©2018 by
the International Association of Torch Clubs
An EBSCO Publication
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