After growing up in Derby, England, he studied mathematics at St John's College, Cambridge, where he played cricket and chess (with future champions Conel Hugh O'Donel Alexander and Jacob Bronowski).[citation needed] In 1953, he published "The Analytics of Economic Time Series, Part 1: Prices"[7] in which he suggested that the movement of shares on the stock market was random (as likely to go up on a certain day as to go down).[citation needed] In 1961 he left the University of London and took a position as the managing director (later chairman) of a consulting company, CEIR (later known as Scientific Control Systems), and in the same year began a two-year term as president of the Royal Statistical Society.[citation needed] He was knighted by the British government in 1974 for his services to the theory of statistics, and received a medal from the United Nations in 1980 in recognition for his work on the World Fertility Survey.He was also elected a fellow of the British Academy and received the highest honour of the Royal Statistical Society, the Guy Medal in Gold.