All this contains much that is obviously true, and much that is relevant; unfortunately, what is obviously true is not relevant, and what is relevant is not obviously true.
Source, in full
This is not by Churchill, but a paraphrase of Churchill quoting Arthur James Balfour in Great Contemporaries (1937): 'there were some things that were true, and some things that were trite; but what was true was trite, and what was not trite was not true' .