No More Champagne

No More Champagne The Untold Story Of Winston Churchill S Precarious Finances And The Most Original And Surprising Book About Churchill To Emerge For Many Years The Popular Image Of Churchill Grandson Of A Duke, Drinking Champagne And Smoking A Cigar Conjures Up A Man Of Wealth And Substance The Reality Is That Britain S Most Celebrated Th Century Statesman Lived For Most Of His Life On A Financial Cliff Edge Only Fragments Of Information About His Finances, Or Their Impact On His Public Life, Have Previously Emerged With The Help Of Unprecedented Access To Churchill S Private Records, David Lough Creates The First Fully Researched Narrative Of Churchill S Private Finances And Business Affairs As He Reveals The Scale Of Churchill S Financial Risk Taking, Combined With An Ability To Talk Or Write Himself Out Of The Tightest Of Corners, The Links Between The Private Man And Public Figure Become Clear

Is a well-known author, some of his books are a fascination for readers like in the No More Champagne book, this is one of the most wanted David Lough author readers around the world.

[PDF] ❤ No More Champagne  By David Lough –
  • Kindle Edition
  • 545 pages
  • No More Champagne
  • David Lough
  • English
  • 10 May 2019

10 thoughts on “No More Champagne

  1. says:

    Is it possible for a book to be tedious and interesting at the same time That s my reaction to No More Champagne.Tedious, in that the author goes into Winston Churchill s finances in excruciating detail There doesn t seem to be a single receipt or bank statement in Churchill s entire life that the author doesn t examine and analyze for us And he takes great pains to be impassive and factual which is always difficult in a non textbook.But interesting, because it is so intriguing to see how messed up, and even borderline corrupt, Churchill s financial life was Not that he s different from anyone else How many of us would appreciate seeing a book written about how we handle our finances In addition to the well publicized findings that Churchill consistently spent than he made, and that his notorious deep depressions seemed to coincide with his biggest financial woes, there were many specific details that really surprised me.For example Despite the title of the book, incredible amounts of champagne were consumed in the Churchill residence During April and May of 1949, Churchill s staff recorded the consumption of 454 bottles of champagne plus 311 bottles of wine, 58 bottles of brandy, 56 bottles of whisky, 58 bottles of sherry and 69 bottles of port Page 357, with a photograph of the actual inventory toward the back of the book And here s one that really shocked me When Churchill s friends approached him about setting up a Winston Churchill 80th Birthday Presentation Fund, this was Churchill s reaction page 378 If it s for me so that I can do what I want with it, I would like it very much But I don t want them to raise a sum for charity just to bring home some colored gentleman from Jamaica to complete his education I d rather they did nothing David Lough s dry and impassive tone throughout the book probably kept it from being the big hit that it could have been Had he expressed outrage about Churchill s alcohol consumption, and his scandalous use of his political power, family connections, and influence to elicit monetary gifts from rich people to keep himself out of financial trouble in other words, if he had gone tabloid Lough might have had a huge best seller on his hands.

  2. says:

    If you believe like I do that it was Churchill who saved civilization, and if you are Iike me and have read numerous biographies and autobiographies of him, nothing can quite prepare you for the fresh look this book offers of him Born to a certain level of privilege, it never seemed to occur to him that living below his means might take some pressure off He spent no pun intended his entire adult life at the edge of economic disaster He spent every nickel he ever made and had to depend on the kindness of strangers to bail him out many many times His irresponsibility with money could had led to so many dire consequences for the world.At one point, he inherited a fortune, and instead of paying off his debts, he increased his debt to try to get rich quick, which never seems to work Pay off debt if you get the chance Churchill didn t and all his famous bouts with depression coincided with his lowest economic days Fascinating.

  3. says:

    Using a thorough review of the family accounts, Lough reconstructs a mind boggling lifetime of utter financial lunacy Although technically provided for from the waning Marlborough fortunes, Churchill s father and mother were capable of immense self delusion and shell game financial behavior, which Churchill embraced starting as a child For the rest of his life, he would frantically write himself out of bankruptcy corners, get wealthy friends to bail him out, and shift assets around while relying on reputation and traditional deference to put off creditors, all while spending freely on luxury goods Whether this was a symptom and or cause of his depression and anxiety, or an inability to adjust to a declining landed aristocracy and rising plutocrats is never entirely clear, but the records are staggering.

  4. says:

    Lough does an outstanding job using Churchill s letters, bills, and other writings to reveal the recklessness with which he conducted his financial affairs and how money worries dominated his thinking throughout his life The Churchill texts are supported by letters from collaborators, creditors, financiers, publishers, family members, and others that make crystal clear the precariousness of Churchill s financial position.An engrossing read that reveals much about the character of one of the 20th century s most significant historical characters and certainly one of its biggest personalities.

  5. says:

    An eye opening account of Winston Churchill s finances it accomplishes the strange task of being mind numbingly boring and utterly shocking and infuriating all at the same time I started it off with a bang but ultimately became bogged down in the excruciating detail of Winnie s stocks, trusts, gambling, racehorses, not to mention his distaste for paying tax on his very substantial income After I struggled to the end, I ve come to the conclusion that it was a fascinating topic made much less fascinating by the lack of any real analysis of the factors that led Churchill to behave the way he did I suspect it really needed an experienced biographer to work hand in hand with the author What I found most illuminating, was Churchill s propensity to take on massive book and newspaper article writing jobs to cover the bills, and then farm out the writing and research to a team of people who were paid a tiny fraction of what Winston ultimately received Far concerning was the way he had wealthy friends bail him out of debt over and over If and how any of this impacted on the way Churchill governed or on his policies is not discussed in any way Now that would be an interesting read.

  6. says:

    It s difficult for a biographer to find an in or a niche to write a biography around Particularly a biography of Winston Churchill, who not only was the subject of many books, but who also wrote numerous autobiographies and memoirs There s not much left for a new biographer to cover but British author David Lough finds one in his new biography, No More Champagne Churchill and His Money Lough comes at his subject not as an historian, but rather after a long career as a private banker He has an expertise that shows well in his examination of Churchill s life from a financial point of view.Winston Churchill was in debt most of his life But it was a gentleman s debt he owed money to maintain his lifestyle His parents American mother and British father lived beyond their means His mother, in particular, lived on the edge of financial failing which was the result of her profligate spending There seemed to be little incentive for any of the Churchills to maintain a budget borrowed and gifted money was easily obtained Bills to shops were rung up with little regard to their ultimate payment or the effect of late payment to the vendor David Lough s book is filled with detail about Churchill s spending on houses, drink and cigars, and gambling He gambled in casinos and in the stock market He also tended to lose than he won Occasionally, when pressed for money, he would decree a period of budgeting, but the periods never seemed to last for very long or were effective Churchill cobbled together an income by writing and government service and some inheritance.But what David Lough doesn t attempt to do is to psych analyse Winston Churchill through his handling of his finances Most readers of the book are familiar enough with Churchill s black dog periods Was his over spending a reaction to the reappearances in his life of that black dog Lough rather writes about Churchill s life equating where he was financially, politically, and socially in various points.I d say that David Lough s book is not for someone looking for a general biography of Winston Churchill The book is very heavy with facts and figures as well as dates and places The last two things are common in a biography but Lough s book is special because he writes with emphasis on the first two He includes at the beginning of each chapter a handy guide to Exchange rates and Inflation multiples which help the reader understand the worth of the money at the time Also included is a fine set of illustrations of Churchill and the people important in his life This is a detailed and well written book.

  7. says:

    A tale of how easy it was for a man with a reputation and an inheritance held in trust to bully the banks and even the Inland Revenue Something of an asymmetric account, because you never got a terribly good idea of what the people who bailed Churchill out expected to get for it maybe it is long enough ago that the feeling of having helped out the great politician of the age was reward enough, but I would have liked to see the figures for equivalent deals with other people so you knew whether paying tens of thousands of dollars for the film rights to a biography of a military hero of 150 years earlier was unprecedented.It would have been clearer if an early chapter pointed out that capital gains were untaxed in Britain until 1962, to explain why Churchill s major strategy for tax reduction was to declare everything to be transfers of capital and, later, to challenge the tax authorities to cause his case to be judged by a jury who would be likely to be sympathetic to him because Churchill.

  8. says:

    David Lough uses his background in the financial world to sketch a fascinating portrait of one of the few remaining areas of Churchill s life that have avoided in depth treatment In a life as varied as Churchill s, one of the few constants was his love of luxury and addiction to debt, borrowing and gambling in both stocks and casinos The bailouts required of wealthy benefactors, the poor financial decisions and squandered windfalls, is a side of the great statesman that has not previously received full attention Lough s book in no way alters Churchill s great legacy it simply sheds light on some very human failings A wonderful read for anyone who can t get enough of one of the 20th century s greatest figures.

  9. says:

    Not an historian myself, I found this a fascinating read and found it extraordinary that such a revealing aspect of Churchill s character had not been properly researched before Lough, being a trained historian, as well as having had a career in financial management, is able to offer a wonderfully assured explanation of both the complex financial instruments involved and the political and historical context, and does so with admirable lucidity He also resists the temptation to make moral judgements of his subject bar the occasional wry aside , but sets out in a very stimulating epilogue the grounds upon which anyone else might wish to do so.Meticulous, detailed, and beautifully set out, this is a very significant achievement.

  10. says:

    Winston Churchill fue una figura capital de la primera mitad del siglo XX aventurero, periodista, pol tico, protagonista tanto en la Primera como en la Segunda Guerra Mundial, y una de las principales razones por las que la Alemania Nazi no conquist Europa.Tambi n era un man aco depresivo y un manirroto.Porque lo interesante de No champagne es que descrube una parte totalmente desconocida de Winston Churchill que era un aut ntico desastre con las finanzas, que gastaba a manos llenas y que no se pod a controlar m s de un podr a decir con base en su comportamiento que era un lud pata Y eso a pesar de ganar enormes cantidades de dinero gracias a sus art culos y libros y cierta caradura por su parte, ya que lleg a tener facturas sin pagar durante varios a os.Escrito por David Lough, un antiguo gestor financiero que tuvo acceso a los papeles personales del pol tico brit nico, No champagne narra muy bien la vida de Churchill desde sus antepasados sus abuelos y padres tambi n gastaban sin ton ni son hasta sus ltimos d as, explicando bien el contexto pol tico y social Ees muy til que Lough facilita unos m ltiplos con los que podemos convertir la libras de hace un siglo a niveles actuales, para darnos cuenta de hasta que punto Churchill perd a el control de sus finanzas.A much s sorprender esta biograf a y conocer que, al mismo tiempo que la Segunda Guerra Mundial estaba en su m ximo apogeo y su desenlace no estaba para nada asegurado 1941 , Churchill dedicaba parte de su tiempo de Primer Ministro en consultar con sus asesores fiscales c mo pagar menos impuestos el tipo marginal durante la guerra era del 97% ya que, literalmente, no ten a dinero para pagarlos.Un libro interesante que demuestra que no existen los dolos y que todos los seres humanos son contradictorios por naturaleza.

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