--- title: "Meaning & Key Takeaway of: In the past twenty years, we have lived…" description: "\"In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. Thi..." image: "https://sms4smile.com/quotes/i/5a9/lakshmi-mittal-19457_conditions_in-the-past-twenty-years-we-have-lived-t_2825696.jpg" --- # In the past twenty years, we have lived through several… ![“In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. This has enabled us to build a solid group that is now the world number one.” quote by Lakshmi Mittal](https://sms4smile.com/quotes/i/5a9/lakshmi-mittal-19457_conditions_in-the-past-twenty-years-we-have-lived-t_2825696.jpg) [Download](https://sms4smile.com/quotes/i/5a9/lakshmi-mittal-19457_conditions_in-the-past-twenty-years-we-have-lived-t_2825696.jpg) [Open image](https://sms4smile.com/quotes/i/5a9/lakshmi-mittal-19457_conditions_in-the-past-twenty-years-we-have-lived-t_2825696.jpg) > “In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. This has enabled us to build a solid group that is now the world number one.” [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Strategic timing in market cycles allowed the company to acquire assets cheaply, building a leading global position. **In simple terms:** Buying low during cycles built a top firm. Key Takeaway Seize opportunities when markets are favorable. Themes strategy growth timing leadership risk management Mood confident optimistic assertive Type business motivational When to use this quote - Corporate expansion - investment decisions - risk assessment - global leadership Key Concepts Mergers and acquisitions market cycles competitive advantage Questions to Reflect On - How do you identify optimal buying cycles? - What risks arise from aggressive expansion? A Different Perspective Success depends on accurate cycle prediction and disciplined execution. ★ ★ ★ ★ ★ No ratings yet [Cycles](https://sms4smile.com/quotes/about/cycles/) [Motivational](https://sms4smile.com/quotes/about/motivational/) [Past](https://sms4smile.com/quotes/about/past/) [Time](https://sms4smile.com/quotes/about/time/) [Twenties](https://sms4smile.com/quotes/about/twenties/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [There's different ways of presenting a pop group to the world. It doesn't have to be the same old poses.](https://sms4smile.com/quotes/paul-morley/there-s-different-ways-of-presenting-a-pop-group-to-the-world-it/) [Paul Morley](https://sms4smile.com/quotes/author/paul-morley/) > [We're the most important group in the world.](https://sms4smile.com/quotes/ian-brown/we-re-the-most-important-group-in-the-world/) [Ian Brown](https://sms4smile.com/quotes/author/ian-brown/) > [I wouldn't rule out the idea of four-day Test cricket, if we can get the playing conditions right and the right circumstances it might…](https://sms4smile.com/quotes/andrew-strauss/i-wouldn-t-rule-out-the-idea-of-four-day-test-cricket-if-we-can-get/) [Andrew Strauss](https://sms4smile.com/quotes/author/andrew-strauss/) > [If the conditions were right there could be great acceptance. Often it is only when they pose an economic or political threat that it…](https://sms4smile.com/quotes/iris-chang/if-the-conditions-were-right-there-could-be-great-acceptance-often-it/) [Iris Chang](https://sms4smile.com/quotes/author/iris-chang/) > [We want things to go perfectly, so we naturally tell ourselves that we'll get started once the conditions are right or once we have…](https://sms4smile.com/quotes/ryan-holiday/we-want-things-to-go-perfectly-so-we-naturally-tell-ourselves-that-we/) [Ryan Holiday](https://sms4smile.com/quotes/author/ryan-holiday/) > [Countin' the days till Friday night. That's when all the conditions are right.](https://sms4smile.com/quotes/alan-jackson/countin-the-days-till-friday-night-that-s-when-all-the-conditions-are/) [Alan Jackson](https://sms4smile.com/quotes/author/alan-jackson/) > [I am on good terms with Salman; we share a rapport, I talk to him on and off, we've met so many times, I've…](https://sms4smile.com/quotes/sana-khan/i-am-on-good-terms-with-salman-we-share-a-rapport-i-talk-to-him-on/) [Sana Khan](https://sms4smile.com/quotes/author/sana-khan/) > [I'm on good terms with Kevin O'Hare.](https://sms4smile.com/quotes/sergei-polunin/i-m-on-good-terms-with-kevin-o-hare/) [Sergei Polunin](https://sms4smile.com/quotes/author/sergei-polunin/) > [As a black manager, somebody talking in good terms about me I don't think can be a bad thing.](https://sms4smile.com/quotes/chris-hughton/as-a-black-manager-somebody-talking-in-good-terms-about-me-i-don-t/) [Chris Hughton](https://sms4smile.com/quotes/author/chris-hughton/) > [I'm on very good terms with all my former wives.](https://sms4smile.com/quotes/andre-previn/i-m-on-very-good-terms-with-all-my-former-wives/) [Andre Previn](https://sms4smile.com/quotes/author/andre-previn/) > [“We shall be on good terms again; though we can never be what we once were to each other.”](https://sms4smile.com/quotes/jane-austen/we-shall-be-on-good-terms-again-though-we-can-never-be-what-we-once/) [Jane Austen](https://sms4smile.com/quotes/author/jane-austen/) > [“You can never have for yourself someone who isn't on good terms with himself.”](https://sms4smile.com/quotes/pascal-mercier/you-can-never-have-for-yourself-someone-who-isn-t-on-good-terms-with/) [Pascal Mercier](https://sms4smile.com/quotes/author/pascal-mercier/) > [As far as possible, without surrender, be on good terms with all persons.](https://sms4smile.com/quotes/max-ehrmann/as-far-as-possible-without-surrender-be-on-good-terms-with-all-persons/) [Max Ehrmann](https://sms4smile.com/quotes/author/max-ehrmann/) > [“We are on very good terms -- when not together.”](https://sms4smile.com/quotes/roseanna-m-white/we-are-on-very-good-terms-when-not-together/) [Roseanna M. White](https://sms4smile.com/quotes/author/roseanna-m-white/) > [I left Udemy on good terms; I didn't cause trouble. It paid off; I kept a good reputation and Udemy treats me well.](https://sms4smile.com/quotes/gagan-biyani/i-left-udemy-on-good-terms-i-didn-t-cause-trouble-it-paid-off-i-kept/) [Gagan Biyani](https://sms4smile.com/quotes/author/gagan-biyani/) ## More by Lakshmi Mittal > [At the end of the day you have to keep emotions away.](https://sms4smile.com/quotes/lakshmi-mittal/at-the-end-of-the-day-you-have-to-keep-emotions-away/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [It's difficult for them to do a deal at these levels.](https://sms4smile.com/quotes/lakshmi-mittal/it-s-difficult-for-them-to-do-a-deal-at-these-levels/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [This is not about creating a giant. It's about creating the sustainability of the steel industry.](https://sms4smile.com/quotes/lakshmi-mittal/this-is-not-about-creating-a-giant-it-s-about-creating-the/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [I have confidence that the government of Luxembourg will not make any decision that frustrates this transaction.](https://sms4smile.com/quotes/lakshmi-mittal/i-have-confidence-that-the-government-of-luxembourg-will-not-make-any/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.](https://sms4smile.com/quotes/lakshmi-mittal/we-are-not-in-the-business-of-iron-ore-whatever-captive-iron-ore/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [It is true that we are interested in scale but there are very sound reasons for this.](https://sms4smile.com/quotes/lakshmi-mittal/it-is-true-that-we-are-interested-in-scale-but-there-are-very-sound/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [It is a high for me. It is my biggest and most satisfying deal.](https://sms4smile.com/quotes/lakshmi-mittal/it-is-a-high-for-me-it-is-my-biggest-and-most-satisfying-deal/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [I came from a Hindi medium school... the principal felt that I would not fit into an English medium college. Though I was top…](https://sms4smile.com/quotes/lakshmi-mittal/i-came-from-a-hindi-medium-school-the-principal-felt-that-i-would-not/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [We are pleased with the very positive reception our offer has received, and are confident that progress is being made towards establishing the regulatory…](https://sms4smile.com/quotes/lakshmi-mittal/we-are-pleased-with-the-very-positive-reception-our-offer-has/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [We have no intention of shutting down plants. We have always said there will be no redundancies or lay-offs as a result of this…](https://sms4smile.com/quotes/lakshmi-mittal/we-have-no-intention-of-shutting-down-plants-we-have-always-said/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar…](https://sms4smile.com/quotes/lakshmi-mittal/when-i-think-about-parallels-between-myself-and-an-olympian-i-believe/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [We do not believe in oversupplying the market. When you are a large company, you can afford to do it. When you are a…](https://sms4smile.com/quotes/lakshmi-mittal/we-do-not-believe-in-oversupplying-the-market-when-you-are-a-large/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [I am very confident that we will be able to convince all the stakeholders - the shareholders, the governments and the employees, that this…](https://sms4smile.com/quotes/lakshmi-mittal/i-am-very-confident-that-we-will-be-able-to-convince-all-the/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [The danger, though - and there have been signs of this recently - is that Europe begins to demonstrate a return to more nationalist…](https://sms4smile.com/quotes/lakshmi-mittal/the-danger-though-and-there-have-been-signs-of-this-recently-is-that/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) > [There will be no job cuts arising out of this merger in Europe - this is in the interest of jobs in Europe.](https://sms4smile.com/quotes/lakshmi-mittal/there-will-be-no-job-cuts-arising-out-of-this-merger-in-europe-this/) [Lakshmi Mittal](https://sms4smile.com/quotes/author/lakshmi-mittal/) [Explore all 32 Lakshmi Mittal quotes ](https://sms4smile.com/quotes/author/lakshmi-mittal/) ## More Conditions quotes > [One can put some trust in the gratitude of a sovereign, and also in that of his family; under certain conditions, one can even…](https://sms4smile.com/quotes/otto-von-bismarck/one-can-put-some-trust-in-the-gratitude-of-a-sovereign-and-also-in/) [Otto von Bismarck](https://sms4smile.com/quotes/author/otto-von-bismarck/) > [Most celebrated men live in a condition of prostitution.](https://sms4smile.com/quotes/charles-augustin-sainte-beuve/most-celebrated-men-live-in-a-condition-of-prostitution/) [Charles Augustin Sainte-Beuve](https://sms4smile.com/quotes/author/charles-augustin-sainte-beuve/) > [It's easier to change a law than an age-old mentality. Deep down, many prejudices, many hostilities, many fears persist. But if we take a…](https://sms4smile.com/quotes/dacia-maraini/it-s-easier-to-change-a-law-than-an-age-old-mentality-deep-down-many/) [Dacia Maraini](https://sms4smile.com/quotes/author/dacia-maraini/) > [I can still function when I don't have that balance I crave. I had a tendency to be precious about acting, thinking of it…](https://sms4smile.com/quotes/laura-regan/i-can-still-function-when-i-don-t-have-that-balance-i-crave-i-had-a/) [Laura Regan](https://sms4smile.com/quotes/author/laura-regan/) > [History is, in its essentials, the science of change. It knows and it teaches that it is impossible to find two events that are…](https://sms4smile.com/quotes/marc-bloch/history-is-in-its-essentials-the-science-of-change-it-knows-and-it/) [Marc Bloch](https://sms4smile.com/quotes/author/marc-bloch/) > [The average condition of the people improving or deteriorating, depends upon whether population is advancing faster than improvement, or improvement than population.](https://sms4smile.com/quotes/john-stuart-mill/the-average-condition-of-the-people-improving-or-deteriorating/) [John Stuart Mill](https://sms4smile.com/quotes/author/john-stuart-mill/) > [A good aim surveys the present state of experience of pupils, and forming a tentative plan of treatment, keeps the plan constantly in view…](https://sms4smile.com/quotes/john-dewey/a-good-aim-surveys-the-present-state-of-experience-of-pupils-and/) [John Dewey](https://sms4smile.com/quotes/author/john-dewey/) > [The God in whose hands are all our days and ways, did cast into my hand one day a book of Martin Luthers; it…](https://sms4smile.com/quotes/john-bunyan/the-god-in-whose-hands-are-all-our-days-and-ways-did-cast-into-my/) [John Bunyan](https://sms4smile.com/quotes/author/john-bunyan/) > [It clearly follows that to make men moral it is necessary to make their social environment moral. And that can be done in only…](https://sms4smile.com/quotes/mikhail-bakunin/it-clearly-follows-that-to-make-men-moral-it-is-necessary-to-make/) [Mikhail Bakunin](https://sms4smile.com/quotes/author/mikhail-bakunin/) > [Importunity is a condition of prayer. We are to press the matter, not with vain repetitions, but with urgent repetitions. We repeat, not to…](https://sms4smile.com/quotes/edward-mckendree-bounds/importunity-is-a-condition-of-prayer-we-are-to-press-the-matter-not/) [Edward McKendree Bounds](https://sms4smile.com/quotes/author/edward-mckendree-bounds/) > [The so-called evils are evils only in relation to a certain thing, and that which is evil in relation to a certain existing thing,…](https://sms4smile.com/quotes/maimonides/the-so-called-evils-are-evils-only-in-relation-to-a-certain-thing-and/) [Maimonides](https://sms4smile.com/quotes/author/maimonides/) > [Experiences in order to be educative must lead out into an expanding world of subject matter, a subject matter of facts or information and…](https://sms4smile.com/quotes/john-dewey/experiences-in-order-to-be-educative-must-lead-out-into-an-expanding/) [John Dewey](https://sms4smile.com/quotes/author/john-dewey/) > [A social group can, indeed must, already exercise 'leadership' before winning governmental power (this is indeed one of the principal conditions for the winning…](https://sms4smile.com/quotes/antonio-gramsci/a-social-group-can-indeed-must-already-exercise-leadership-before/) [Antonio Gramsci](https://sms4smile.com/quotes/author/antonio-gramsci/) > [I'm a Christian because Christianity names and addresses sin. It acknowledges the reality that the evil we observe in the world is also present…](https://sms4smile.com/quotes/rachel-held-evans/i-m-a-christian-because-christianity-names-and-addresses-sin-it/) [Rachel Held Evans](https://sms4smile.com/quotes/author/rachel-held-evans/) > [Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest…](https://sms4smile.com/quotes/ludwig-von-mises/changes-in-human-conditions-are-brought-about-by-the-pioneering-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) Browse all 4,249 Conditions quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. 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