Hansemann-Boveri's aneuploidy theory, the Warburg effect, and the Knudson hypothesis can be viewed as different aspects of a single theory of cancer. In this, the extremely common chromosome missegregation may be the underlying cause. Chromosome missegregation is mitigated via several mechanisms. Cancer can occur only when all of these mechanisms have been inactivated in a single cell line, typically by mutation. There are at least five different repair mechanisms, implying a hit-factor of at least five. These mitigation mechanisms include-tetraploidization, cell division arrest, apoptosis, elimination by the immune system, and prevention of survival of cancer cell/macrophage fusions. The older theories may be explained in the light of this new hypothesis as follows: Hansemann-Boveri aneuploidy is caused by runaway missegregation; Warburg effect occurs due to mutational inactivation of the mitochondrial apoptosis mechanism, and the Knudson hypothesis is a subclass of the multiple-hit mechanism. The cancer type and its aggressiveness may be determined by the epigenetic make-up of the progenitor cells. Identification of all natural repair mechanisms of missegregation damage would be important for the prevention and treatment of cancer.