<?xml version="1.0" encoding="UTF-8"?>
<!-- generator="wordpress.com" -->
<urlset xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.sitemaps.org/schemas/sitemap/0.9" xsi:schemaLocation="http://www.sitemaps.org/schemas/sitemap/0.9 http://www.sitemaps.org/schemas/sitemap/0.9/sitemap.xsd"><url><loc>http://thefallibleinvestor.com/2010/04/23/asset-allocation/</loc><lastmod>2011-05-16T05:25:57+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/11/why-i-only-contact-the-management-of-a-business-if-i-have-specific-questions-about-the-business/</loc><lastmod>2010-04-23T07:06:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/04/16/when-i-will-sell-a-business/</loc><lastmod>2010-04-17T08:17:45+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/04/09/technology-and-competition/</loc><lastmod>2012-02-09T13:12:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/04/02/customer-captivity/</loc><lastmod>2010-04-02T03:37:55+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/03/25/what-is-an-economies-of-scale-competitive-advantage/</loc><lastmod>2010-03-25T10:53:30+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/03/18/normalising-a-businesss-earnings/</loc><lastmod>2010-12-02T17:54:22+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/03/12/my-quantitative-valuation-model-part-2/</loc><lastmod>2010-03-12T21:34:53+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/03/10/my-quantitative-valuation-model-part-1/</loc><lastmod>2012-02-09T05:51:21+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/03/03/the-linkage-between-roic-market-value-replacement-value-and-a-sustainable-competitive-advantage/</loc><lastmod>2010-04-01T08:09:41+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/03/01/what-factors-are-not-a-sustainable-competitive-advantage/</loc><lastmod>2010-03-01T00:33:14+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/26/what-is-a-sustainable-competitive-advantage/</loc><lastmod>2012-02-09T07:45:22+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/25/why-a-business-which-i-have-predicted-will-have-a-high-roic-must-have-a-sustainable-competitive-advantage-2/</loc><lastmod>2010-02-25T00:59:01+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/24/why-i-value-a-business-using-its-roic-instead-of-its-roe/</loc><lastmod>2010-03-15T23:34:10+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/15/why-i-do-not-make-group-investment-decisions/</loc><lastmod>2012-02-08T21:46:42+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/23/how-a-business%e2%80%99s-roic-tells-me-if-its-earnings-growth-will-be-profitable/</loc><lastmod>2010-02-24T07:27:56+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/06/initial-valuation/</loc><lastmod>2012-02-09T08:58:00+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/22/my-discount-rate/</loc><lastmod>2010-03-15T23:42:31+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/19/i-do-not-buy-businesses-if-they-are-unlikely-to-survive/</loc><lastmod>2010-04-30T04:19:40+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/17/my-investment-process-the-basics-part-2/</loc><lastmod>2010-02-18T11:04:38+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/18/my-investment-process-%e2%80%93-the-basics-part-3/</loc><lastmod>2010-02-18T07:01:05+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/05/hello-world/</loc><lastmod>2012-02-09T02:33:41+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/06/45/</loc><lastmod>2010-03-13T19:54:51+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/08/why-i-must-not-try-to-pick-market-moves-or-macro-economic-developments/</loc><lastmod>2010-02-17T06:44:08+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/2010/02/08/controlling-the-effects-of-emotion-4/</loc><lastmod>2012-02-09T13:07:36+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/about/</loc><lastmod>2012-03-28T01:21:36+00:00</lastmod><changefreq>weekly</changefreq><priority>0.6</priority></url><url><loc>http://thefallibleinvestor.com/2010/02/16/my-investment-process-%e2%80%93-the-basics-part-1/</loc><lastmod>2010-03-19T19:54:10+00:00</lastmod><changefreq>monthly</changefreq></url><url><loc>http://thefallibleinvestor.com/contact/</loc><lastmod>2010-10-29T19:22:39+00:00</lastmod><changefreq>weekly</changefreq><priority>0.6</priority></url><url><loc>http://thefallibleinvestor.com/</loc><changefreq>daily</changefreq><priority>1.0</priority><lastmod>2012-03-28T01:21:36+00:00</lastmod></url></urlset>

