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Billionaire Wharton Dropout Peltz Warns Big Tech Dominance Over

The founder of Trian Fund Management also discusses activist investing and the economy on “Bloomberg Wealth with David Rubenstein.”

Nelson Peltz 

Nelson Peltz 

Photographer: Calla Kessler/Bloomberg

The era of a few giant tech firms controlling stock market gains is quickly coming to an end, according to activist investor Nelson Peltz. 

The founding partner of Trian Fund Management — which has taken stakes in companies including Kraft Heinz Co. and Procter & Gamble Co. — said a US recession is likely, but high-quality businesses with strong cash flows will emerge more valuable after years of taking a back seat to high-flying growth stocks.