David Lough.
david lough: winston churchill BIOGRAPHY
no more champagne: churchill and his money (2015)
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Winston Churchill (born 1874) was one of the most prominent politicians of the twentieth century. He had a 64 year parliamentary career, serving as wartime Prime Minister from 1940 to 1945. He was Prime Minister again from 1951 to 1955, retiring from Parliament in 1964, and dying in 1965. His father, Lord Randolph Churchill, was a descendant of the 1st Duke of Marlborough, and Churchill was born at the family’s ancestral home, Blenheim Palace. His mother, Jennie, was the daughter of the wealthy American businessman, Leonard Jerome. After his education at Harrow School, Churchill entered the army, serving in Cuba, India and Sudan. His writing career began when he joined, as a journalist, Bindon Blood’s Malakand Field Force fighting Mohmand rebels in North East India’s Swat Valley. Keen to participate in the Boer War, Churchill sailed to South Africa as a journalist for the Morning Post. Captured as a prisoner of war, Churchill escaped by stowing away in freight trains and hiding in a mine. In 1901, at the age of 25, he was elected as the Conservative MP for Oldham. From 1904 to 1915 he was a member of the LIberal Party, serving during the First World War as a cabinet minister in Lloyd George’s government.
The Times described David Lough’s account of Churchill’s finances as: ‘The little known and sometimes heroic saga of Churchill's struggle to achieve liquidity... [Lough] is a courteous guide, whose knowledge of the arcane world of investment enables him to explain what went wrong and how the Churchills managed to scrape through... a fascinating read'. The Economist wrote: 'Tells the tale of Churchill the adventurer and gambler elegantly. And for a financial biography, Mr Lough's is a surprising page-turner'.
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David Lough (born 1950) won an open scholarship to Oxford Univerrsity, where he obtained a first class degree in History. He started his career in investment banking, founding his own private banking business in 1988. This advised families on their investments, tax planning, and inheritance planning. The business was sold in 2013 to Handelsbank, and Lough became in retirement a professional author.
