Charlie Munger, Warren Buffett’s powerful sidekick, will not be present at Berkshire Hathaway’s annual meeting on Saturday, although Buffett will take center stage.

The absence of Buffett has caused investors to refocus on how the business will change after he leaves. The 93-year-old Buffett, whose illustrious financial acumen earned him the moniker “Oracle of Omaha,” has mainly stopped speaking in public about the business. In November, he informed investors that although he was in good health, he was “playing in extra innings.”

“Not having Charlie there will be difficult for Warren,” stated Paul Lountzis, head of Lountzis Asset Management.

Attending his 32nd Berkshire meeting, he’s spending the weekend doing what Buffett has called “Woodstock for capitalists.” The best parts of their previous meetings have been the anecdotes and repartee between Buffett and Munger. Munger was well-known for his sharp and terse rejoinders to Buffett’s frequently long-winded analyses of Wall Street, Berkshire, the economy, and life in general.

Obstacles to come

Investors are curious about how Berkshire will handle issues including deciding whether to pay a dividend, how to use $167.6 billion in cash, and how to expand without overpaying for acquisitions. Buffett is aware of the constraints that Berkshire’s size presents. The $867 billion conglomerate is the owner of numerous companies. It also holds equities worth well over $300 billion, nearly half of which are in Apple. “There is no chance of an amazing performance from us.