IMAGINE that the U.S. dollar has crashed and has been replaced by a new reserve currency called the bancor; administered by a Russian and Chinese led consortium. In response, the president declares a re-set on American debt rendering it all void (this is known as the Great Renunciation). The…

IN 1934, the man who is widely ascribed to be the father of value investing, Benjamin Graham, authored a well-known book called Security Analysis. In that seminal book he wrote that "the prime purpose of a business corporation is to pay dividends regularly and, presumably, to increase the ra…