Lakshmi Mittal Quotes

When you're public, you're at the mercy of the markets. You can be doing extremely well, but if the markets are in the tank or your industry is in the tank, you don't get rewarded for it.

You then get into a period a few years ago, where a lot of external factors that we didn't have anything to do with did hit, and some of them at the same time... devaluations, weak economies, you name it, in various parts of the world.

First of all, every new company today is being built in the face of massive economic headwinds, making the challenge far greater than it was in the relatively benign '90s.

Markets that are overpriced will correct and fall of their own weight..

Pittsburgh has this rich industrial past, when it was the heart of the U.S. steel industry, and it burned out as the industry burned out and moved elsewhere.

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

He that cannot abide a bad market, deserves not a good one

Well, as you know, we're working through a difficult period in our financial markets right now, as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

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.

Once you start moving [market] lower, then you trigger of all sorts of things. You trigger people who have to sell because they're over-levered. So they sell their winners and their losers. They're just trying to raise cash. So, what you then get is spreading malaise throughout the global markets.

We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.

Worrying about inflation now is like worrying about the measles when you might get the plague.

It is never the duty of a leader to struggle for someone else; a leader must encourage others to struggle and assure them that the struggles are worthwhile. Do battle with the challenges of your present, and you will unlock the prizes of your future.

Professional wrestling is in my blood. I may have second guessed it in the past, but I know it now.

The real test in golf and in life is not in keeping out of the rough, but in getting out after you are in.

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.

Whatever life takes away from you, let it go. When you surrender and let go of the past, you allow yourself to be fully alive in the moment.

The only people without problems are those in cemeteries.

We had some adverse conditions in the '60s, in the '70s and the '80s. The agency has risen above that in the past and will rise above that again.

It's a rare business that doesn't have a way worse future than it has a past.

Each minute we spend worrying about the future and regretting the past is a minute we miss in our appointment with life - a missed opportunity to engage life and to see that each moment gives us the chance to change for the better, to experience peace and joy.

The straight line cannot proceed through the torturous twists of life.

What's happening right now in the Hip Hop industry is that it is deeply affected by the general economy of America.

I don't like being in the UK for every other reason aside from the show. It's aesthetically uncomfortable to me on almost every level for reasons that might sound petty but I can't get past. The audiences are far more challenging and while I wouldn't say I prefer it, I certainly need it to ward off my inherent laziness.