--- title: Warren Buffett HBO Documentary: Exclusive Clip description: See why he decorates with reminders of bad moments in economic history in an exclusive clip from HBO's documentary 'Becoming Warren Buffett' canonical: https://time.com/4644681/warren-buffett-berkshire-hathaway-hbo-documentary/ author: Olivia B. Waxman article:opinion: false article:content_tier: free article:published_time: 2017-01-26T15:00:28.000Z article:modified_time: 2026-06-24T06:56:54.591Z article:section: History og:title: Warren Buffett HBO Documentary: Exclusive Clip og:description: Find out why in an exclusive clip from the new HBO documentary 'Becoming Warren Buffett' og:url: https://time.com/4644681/warren-buffett-berkshire-hathaway-hbo-documentary/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt8b24624f1f9ba68f/6988b6f0bc6cfc012a3dfe8f/warren-buffett-video.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 4000 og:image:height: 2250 og:image:alt: warren-buffett-video og:type: article twitter:card: summary_large_image twitter:title: Warren Buffett HBO Documentary: Exclusive Clip twitter:description: Find out why in an exclusive clip from the new HBO documentary 'Becoming Warren Buffett' twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt8b24624f1f9ba68f/6988b6f0bc6cfc012a3dfe8f/warren-buffett-video.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Why Warren Buffett Keeps Framed Reminders of Awful Moments in Economic History > Sponsored content. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: This Video Is No Longer Available [Watch (HLS stream): This Video Is No Longer Available](https://cdn.jwplayer.com/manifests/fKodeUO6.m3u8) (0:10)  _Published 2026-06-23. Find out why in an exclusive clip from the new HBO documentary Becoming Warren Buffett_  by [Olivia B. Waxman](https://time.com/author/olivia-b-waxman/)  ## Olivia B. Waxman Staff Writer Jan 26, 2017 3:00 PM UTC  by [Olivia B. Waxman](https://time.com/author/olivia-b-waxman/)  ## Olivia B. Waxman Staff Writer Jan 26, 2017 3:00 PM UTC In a hallway at the Omaha headquarters of Berkshire Hathaway, a wall is lined with New York _Times_ front pages on momentous days in stock market history. The framed newspaper pages were put there by CEO Warren Buffett. But why would Buffett—who bought his first stocks when he was 11 years old and grew up to be [the world’s second-richest person](http://time.com/money/4618812/worlds-richest-people-earnings/)—pick moments like [the 1929 crash ](http://time.com/3207128/stock-market-high-1929/)to decorate his office? “I wanted to put on the walls days of extreme panic in Wall Street just as a reminder than anything can happen in this world,” he says in this clip provided exclusively to TIME, from the upcoming HBO documentary _Becoming Warren Buffett_. “It’s instructive art.” As shown in the documentary, which airs Jan. 30, stock market history is a big part of the Buffett story—beginning with his birth on Aug. 30, 1930, in the middle of the Great Depression. “It was hugely important that he was born during the Depression and witnessed his father lose his job,” says the documentary’s director, Emmy Award-winner Peter Kunhardt. “His son \[Peter\] once told me when \[Warren\] walks down the street and sees a penny, he picks it up. When he was an early entrepreneur during the Depression trying to increase his five-cents-a-week allowance by selling Coke or delivering papers, he knew the power of how a penny here, a nickel or dime there, could turn into something much greater.”  Buffett’s father, Howard, was a grocer’s son who grew up to be a stockbroker and later became a four-term Republican Congressman. His reaction to the Depression was to follow the mold of former President Calvin Coolidge, who had said that the “chief business of the American people is business,”[ as TIME reported](http://time.com/vault/issue/2012-01-23/page/1/) in a 2012 cover story, by Rana Foroohar, about the investor. The elder Buffett even once passed out flyers that decried Franklin D. Roosevelt’s the New Deal as the “greatest threat to democracy.” The younger Buffett, however, was differently affected by living through that time of economic turmoil. Though he would credit his late first wife Susan “Susie” Thompson Buffett for converting him from Republican to Democrat, he came away from his youth during the New Deal era with not only an appreciation for every hard-earned penny but also a belief that American business and government, working together, could make the world better. That belief can be seen in his personal philanthropy. For 30 years, he has chosen to just take home a salary of $100,000, “the smallest take-home earnings of any Fortune 500 CEO,” TIME reported in the [July 6, 2015 issue](http://time.com/magazine/us/3935230/july-6th-2015-vol-186-no-1-u-s/). And in 2006, to honor his wife’s memory, he [pledged](http://www.nytimes.com/2006/06/26/business/26buffett.html) to give away 99% of his fortune to the Gates Foundation, run by his good friends Bill and Melinda Gates. But it is also seen in his belief that, even though a new terrible moment worthy of the wall of shame may always be lurking, there’s also a way forward, as TIME reported in 2012: --- > “” --- ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4644681/warren-buffett-berkshire-hathaway-hbo-documentary/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4644681/warren-buffett-berkshire-hathaway-hbo-documentary/"},"headline":"Why Warren Buffett Keeps Framed Reminders of Awful Moments in Economic History","datePublished":"2017-01-26T15:00:28.000Z","dateModified":"2026-06-24T06:56:54.591Z","description":"Find out why in an exclusive clip from the new HBO documentary Becoming Warren Buffett","url":"https://time.com/4644681/warren-buffett-berkshire-hathaway-hbo-documentary/","keywords":["Business topic"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt8b24624f1f9ba68f/6988b6f0bc6cfc012a3dfe8f/warren-buffett-video.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Olivia B. 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