Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.

Gross manages one of the world's largest mutual funds focusing mostly on bonds. He then traded the Inverted Jenny Plateblock to Donald Sundman President of Mystic Stamp Company a stamp dealer for a 1-cent 1868 "Z Grill" depicting Benjamin Franklin thus completing Gross's 19th century collection. Part of his family is originally from Winnipeg Canada.

William Hunt "Bill" Gross (born April 13 1944) is an American financial manager and author. 0 billion Total Return Fund (PTTRX). This article concerns the PIMCO bond manager; for the business-startup manager see Bill Gross (entrepreneur).