SUPERHUBS: How the Financial Elite & Their Networks Rule Our World
Hardcover: 227 pages
Publisher: Nicholas Brealey (2017)
Illuminating and frightening; the words that came to mind as I worked my way through the new book by Sandra Navidi, the Founder and CEO of BeyondGlobal, a consulting firm, where she renders macroeconomic and strategic positioning advice.
SuperHubs provides a rare, behind-the-scenes look at how the world’s most powerful people – hedge fund managers, bank CEOs, billionaire financiers and politicians – have become the masters of the universe and effectively manipulate the levers of the global financial system.
Navidi introduces readers – I assume it is an introduction for most readers – to the concept of ‘preferential attachment.’ She notes, “All networks, whether natural or man-made, behave in the same manner. According to the law of ‘preferential attachment,’ all nodes prefer to attach to other nodes with the most connections, because a greater number of connections increases the chances of individual survival.”
This clustering of wealth occurs among individuals according to how much they already have, so that those who are already wealthy accumulate more wealth than those who are not wealthy in part because of the circle they run in. More simply put, birds of a feather flock together and increase their wealth.
By combining her insider’s knowledge with principles of network science and preferential treatment, Navidi provides readers a new perspective on how these financial elite, the superhubs, build and maintain their powerful networks at gatherings such as the World Economic Forum in Davos and exclusive galas.
Perhaps more importantly, Navidi sheds light on how their decisions and actions impact all our lives.
SUPERHUBS: How the Financial Elite & Their Networks Rule Our World is available at Amazon in Kindle, paperback, and hardcover formats.