As that great financial innocent P.G.Wodehouse reminded us in another context, it is never difficult to distinguish between a Scotsman with a grievance and a ray of sunshine. But it is not hard to warm to Bruce Stout, the lead manager of one of Scotland's most successful investment funds, as he outlines his rage at the “economic vandalism” which the world's monetary authorities have inflicted on savers in the years since the global financial crisis. Mr Stout, a softly spoken son of Dundee, is the lead investment manager for Murray International, a global income trust which has defied conventional thinking and years of relative obscurity to grow rapidly to rank in the top five of the UK's investment trust sector. The object of his ire is the policy of quantitative easing, the centrepiece of the unconventional monetary policy that central bankers have turned to in their desperation somehow to cough their stuttering and debt-laden economies back into life. (This is the original, slightly fuller version of the interview with Bruce Stout, manager of the Murray International investment trust, which appears in the November 7th issue of The Spectator).