How has The Independent described Paul Singer's business strategy?
A pioneer in fair trade
A pioneer in healthcare
A pioneer in the tech industry
A pioneer in buying up sovereign bonds on the cheap
Answer
Paul Singer is a pioneer in buying up sovereign bonds on the cheap. This means that he buys government bonds from countries that are in financial trouble at a low price. He then holds onto these bonds until the country's financial situation improves, at which point he can sell them at a higher price and make a profit.
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