Each year, the Allen and Co.’s Sun Valley Conference in Idaho becomes the summer camp for billionaires, where CEOs, investors, and politicians gather to make deals that have a global impact. This year's guest list includes Mark Zuckerberg, Bill Gates, Tim Cook, Bob Iger, and Jeff Bezos, with Warren Buffett notably absent. Buffett, known as the Oracle of Omaha, is sending his successor Greg Abel in his place, signaling a shift in leadership at Berkshire Hathaway. Despite questions about Abel's investment skills, Buffett has expressed confidence in him. Elon Musk will also be missing from the event, choosing to stay out of the public eye. The absence of these two titans highlights the changing landscape of leadership in the business world, with successors stepping into the spotlight as industry giants make way for the next generation of leaders.