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New York City  |  Thursday October 12

Lecture   No More Champagne: Churchill and His Money

The General Society Library    20 W 44 St  |  6:15 PM

photo of the lecturer David Lough

David Lough read history at Oxford University, where he won first class honors. Mr. Lough then had a long and fruitful career in finance, starting in Asia and investment banking, before founding a private banking business in 1988.

Mr. Lough is a former member of the London Stock Exchange and Fellow of the Chartered Securities Institute.

He returned to history in his retirement and coupled it with his experience in finance to write his first book No More Champagne: Churchill and His Money.

No More Champagne: Churchill and His Money

lecture photo

The popular image of Winston Churchill—grandson of a duke, born at Blenheim Palace, drinking champagne and smoking a cigar—conjures up an image of a man of wealth and substance.

In truth, Britain's most celebrated modern statesman lived for most of his life on a financial cliff edge. He had to take risks, speculate wildly on shares, and write constantly to fund his lifestyle. Indeed in 1898 Churchill wrote, "The only thing that worries me in life is money."

With unprecedented access to Churchill's private records, historian and financier David Lough was able to create the first fully researched narrative of Churchill's private finances and business affairs. Mr. Lough will lecture and disclose the scale of Churchill's financial risk-taking, his ability to talk or write himself out of the tightest corners, and also expose the links between the private Churchill and the public figure.

Depicting Churchill's financial endeavors across his lifetime, Mr. Lough will also illustrate the cultural shift in Britain as aristocratic inheritances often waned and a new class of business entrepreneurs emerged. These new financiers forged fortunes in railways, mining, finance, and other industries.

Mr. Lough's remarkable tale of Churchill's success despite his monetary shortcomings only makes the story of one of the most successful political figures of the 20th century more fascinating.

New York City  |  Thursday October 12

Lecture   No More Champagne: Churchill and His Money

The General Society Library    20 W 44 St  |  6:15 PM

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Co-sponsors:

The Churchill Centre
The National Trust for Scotland Foundation, USA
New England Historical Geneological Society
St. Georges Society




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