Sid Shupack has a lifelong love of finance and history

From a corned beef concession to stock market success, Sid Shupack shares the story of his life and career.



Sid Shupack in his office at First State Investment Advisors

Sid Shupack is a self-admitted entrepreneur at heart, with a deep-seated fondness for finance and a penchant for making money.

From starting a corned beef sandwich concession business in college to founding First State Investment Advisors Inc. to heading his investment management firm, he says his priority has always been customer service.

Shupack earned his bachelor’s degree in business administration at the University of Oklahoma and studied postgraduate law at the University of Tulsa. He started his career at Walston, a brokerage firm, in 1959 and later worked at A.G. Edwards and Sons and Merrill Lynch before starting First State in 1971, where he currently serves as president and chairman.



How did your college corned beef concession come about? Living in the fraternity house at OU, I thought of ways to make money. Of course, all the kids would get hungry at night. I asked our housemother if I could use the refrigerator. I would buy the corned beef and bread, then make the sandwiches, add a dill pickle and chips and charge them a buck. I made some good money.

At First State you have developed an investment strategy called “The Gold Chip Standard.” How would you describe it? It’s our proprietary investment strategy where we target primarily high-quality, large-cap stocks that exhibit strong, long-term industry growth, led by outstanding management and with a dividend payout ratio of at least 20 percent. We have developed our own proprietary software to aid our research.

What do you think accounted for the stock market’s remarkable rise in 2017? Coming into office, President (Donald) Trump promised to do the most important thing that would impact the stock market; that is, to lower taxes. Previously corporations paid a 35 percent tax rate. The laws changed it to 21 percent. That has a huge impact on earnings. Plus, the market likes fewer regulations. Cutting red tape is a big plus for businesses and thus a big plus for the market.

What’s your outlook for 2018? We experienced a 10 percent market correction in early February, which rallied to about a 5 percent correction. It’s a cautious time to invest. The public needs much more education on why they need to buy or not buy a particular stock or mutual fund and why a stock price goes up and down. People need to understand what they are paying for.

You keep busy in various charitable organizations and pursuing several hobbies. I’ve always been involved some way with the Tulsa Area United Way by being a member of the Alexis de Tocqueville Society. I served on the board with the Tulsa Zoo Friends for years. I was in Rotary Club of Tulsa for many years. I enjoy traveling with my wife, Susan, taking cruises. I am an avid reader. I enjoy reading history and anything about the presidents. I have over a thousand books at home, with over 300 on the presidents. I’m always reading something on economics and finance. I played tournament racquetball for 25 years. It kept me in shape.

 

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June 2019

Featuring more than seventy works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift...

Cost: $15

Where:
Oklahoma City Museum of Art
415 Couch Drive
Oklahoma City, OK  73102
View map »


Telephone: (405) 236-3100
Website »

More information

The Museum’s Dickinson Research Center is home to more than 700,000 photographs, 44,000 books, and perhaps unexpectedly, at least 1,000 horses. Meet some of the herd in Horseplay, the new...

Cost: $12.50 adult entry

Where:
National Cowboy & Western Heritage Museum
1700 NE 63rd Street
Oklahoma City, OK  73111
View map »

More information

Then, Here/Now: Creating Community in the Center is a group exhibition that illuminates the histories and presence/presents of LGBTQIA+ art collectives and projects that help to ensure visibility...

Cost: Free

Where:
Living Arts of Tulsa
307 East M. B. Brady St.
Tulsa, OK  74120
View map »


Telephone: 918-585-1234
Website »

More information

Help DVIS and the Tulsa Drillers knock out violence! We are in our 16th year of raising funds for survivors of domestic violence and sexual assault. Join us by pledging per home run or making a...

Cost: $1+

Where:
Tulsa, OK


Sponsor: DVIS
Telephone: 918-508-2709
Contact Name: Jenée Day
Website »

More information

Show More...
Show Less...

The Museum’s Dickinson Research Center is home to more than 700,000 photographs, 44,000 books, and perhaps unexpectedly, at least 1,000 horses. Meet some of the herd in Horseplay, the new...

Cost: $12.50 adult entry

Where:
National Cowboy & Western Heritage Museum
1700 NE 63rd Street
Oklahoma City, OK  73111
View map »

More information

Featuring more than seventy works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift...

Cost: $15

Where:
Oklahoma City Museum of Art
415 Couch Drive
Oklahoma City, OK  73102
View map »


Telephone: (405) 236-3100
Website »

More information

The Please Touch the Art exhibit breaks the rules of traditional art exhibits and makes art accessible, especially for visitors who are visually impaired or blind. Guests are encouraged to touch...

Cost: free & open to the public

Where:
McKeon Center for Creativity
910 S. Boston Ave.
TCC Metro Campus
Tulsa, OK  74135
View map »


Sponsor: Tulsa Community College
Telephone: 918-595-7339
Contact Name: Cindy Armstrong

More information

Think you can't do something? Think again! Step out of your comfort zone and try something new at the I Can't workshops this summer, featuring all new community partners.

Cost: Free & open to the public

Where:
McKeon Center for Creativity
910 S. Boston Ave.
TCC Metro Campus
Tulsa, OK  74119
View map »


Sponsor: Tulsa Community College
Telephone: 918-595-7339
Contact Name: Cindy Armstrong
Website »

More information

Please join us for our yearly summer music series as part of your Tulsa City-County Library's Summer Reading Program.  Jana Jae and Jim Paul Blair appear on June 24.  Jae gained fame as the...

Cost: Free

Where:
Central Library
400 civic center
Tulsa, OK  74103
View map »


Sponsor: Tulsa City-County Library
Contact Name: Rebecca H

More information

Then, Here/Now: Creating Community in the Center is a group exhibition that illuminates the histories and presence/presents of LGBTQIA+ art collectives and projects that help to ensure visibility...

Cost: Free

Where:
Living Arts of Tulsa
307 East M. B. Brady St.
Tulsa, OK  74120
View map »


Telephone: 918-585-1234
Website »

More information

Joys To The World 4th Summer Camp Enriching the quality of life for young adults with multiple disabilities. WHAT TO EXPECT Summer Camp is designed to meet the needs of students with...

Cost: $100/week; $400/4weeks; $30/day

Where:
Tulsa Hills Church
840 W. 81st Street
Tulsa, OK  74132
View map »


Sponsor: Joys to the World, Inc.
Telephone: 918-282-3191
Contact Name: Jenny Ramnath
Website »

More information

Magi 4 Christ Campers meet each Monday at 6:00 PM until 7:30 PM. At 4241 S. 37th W. Ave., Tulsa, OK. 74107.  We are a Christian group of camping enthusiasts. We are family friendly. Meeting...

Cost: Donations only

Where:
Hope House
4241 S. 37th W. Ave.
South Door Activity Center
Tulsa, OK  74107
View map »


Sponsor: Magi 4 Christ Campers
Telephone: 918-906-0564
Contact Name: Dorothy Brown

More information

Help DVIS and the Tulsa Drillers knock out violence! We are in our 16th year of raising funds for survivors of domestic violence and sexual assault. Join us by pledging per home run or making a...

Cost: $1+

Where:
Tulsa, OK


Sponsor: DVIS
Telephone: 918-508-2709
Contact Name: Jenée Day
Website »

More information

Show More...
Show Less...

The Museum’s Dickinson Research Center is home to more than 700,000 photographs, 44,000 books, and perhaps unexpectedly, at least 1,000 horses. Meet some of the herd in Horseplay, the new...

Cost: $12.50 adult entry

Where:
National Cowboy & Western Heritage Museum
1700 NE 63rd Street
Oklahoma City, OK  73111
View map »

More information

The Please Touch the Art exhibit breaks the rules of traditional art exhibits and makes art accessible, especially for visitors who are visually impaired or blind. Guests are encouraged to touch...

Cost: free & open to the public

Where:
McKeon Center for Creativity
910 S. Boston Ave.
TCC Metro Campus
Tulsa, OK  74135
View map »


Sponsor: Tulsa Community College
Telephone: 918-595-7339
Contact Name: Cindy Armstrong

More information

Featuring more than seventy works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift...

Cost: $15

Where:
Oklahoma City Museum of Art
415 Couch Drive
Oklahoma City, OK  73102
View map »


Telephone: (405) 236-3100
Website »

More information

Then, Here/Now: Creating Community in the Center is a group exhibition that illuminates the histories and presence/presents of LGBTQIA+ art collectives and projects that help to ensure visibility...

Cost: Free

Where:
Living Arts of Tulsa
307 East M. B. Brady St.
Tulsa, OK  74120
View map »


Telephone: 918-585-1234
Website »

More information

Joys To The World 4th Summer Camp Enriching the quality of life for young adults with multiple disabilities. WHAT TO EXPECT Summer Camp is designed to meet the needs of students with...

Cost: $100/week; $400/4weeks; $30/day

Where:
Tulsa Hills Church
840 W. 81st Street
Tulsa, OK  74132
View map »


Sponsor: Joys to the World, Inc.
Telephone: 918-282-3191
Contact Name: Jenny Ramnath
Website »

More information

Help DVIS and the Tulsa Drillers knock out violence! We are in our 16th year of raising funds for survivors of domestic violence and sexual assault. Join us by pledging per home run or making a...

Cost: $1+

Where:
Tulsa, OK


Sponsor: DVIS
Telephone: 918-508-2709
Contact Name: Jenée Day
Website »

More information

Show More...
Show Less...

The Please Touch the Art exhibit breaks the rules of traditional art exhibits and makes art accessible, especially for visitors who are visually impaired or blind. Guests are encouraged to touch...

Cost: free & open to the public

Where:
McKeon Center for Creativity
910 S. Boston Ave.
TCC Metro Campus
Tulsa, OK  74135
View map »


Sponsor: Tulsa Community College
Telephone: 918-595-7339
Contact Name: Cindy Armstrong

More information

Featuring more than seventy works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift...

Cost: $15

Where:
Oklahoma City Museum of Art
415 Couch Drive
Oklahoma City, OK  73102
View map »


Telephone: (405) 236-3100
Website »

More information

The Museum’s Dickinson Research Center is home to more than 700,000 photographs, 44,000 books, and perhaps unexpectedly, at least 1,000 horses. Meet some of the herd in Horseplay, the new...

Cost: $12.50 adult entry

Where:
National Cowboy & Western Heritage Museum
1700 NE 63rd Street
Oklahoma City, OK  73111
View map »

More information

Then, Here/Now: Creating Community in the Center is a group exhibition that illuminates the histories and presence/presents of LGBTQIA+ art collectives and projects that help to ensure visibility...

Cost: Free

Where:
Living Arts of Tulsa
307 East M. B. Brady St.
Tulsa, OK  74120
View map »


Telephone: 918-585-1234
Website »

More information

Joys To The World 4th Summer Camp Enriching the quality of life for young adults with multiple disabilities. WHAT TO EXPECT Summer Camp is designed to meet the needs of students with...

Cost: $100/week; $400/4weeks; $30/day

Where:
Tulsa Hills Church
840 W. 81st Street
Tulsa, OK  74132
View map »


Sponsor: Joys to the World, Inc.
Telephone: 918-282-3191
Contact Name: Jenny Ramnath
Website »

More information

Join us for a movie in the garden to celebrate this year's Adult Summer Reading Program theme: "A Universe of Stories" Sandra Bullock and George Clooney star in a thrilling story of two astronauts...

Cost: Free

Where:
Central Library
400 civic center
Tulsa, OK  74103
View map »


Sponsor: Tulsa City-County Library
Telephone: 918-549-7323
Contact Name: Rebecca H

More information

Every Wednesday Live Event Trivia is at The Willows Family Ales - Show starts at 7 and is free to play! Movie scenes, Finish the Lyric, Classic Trivia, and more! The crew from T-Town Tacos will be...

Cost: Free

Where:
The Willows Family Ales
418 south peoria ave
tulsa, OK  74120
View map »


Sponsor: The Willows Family Ales
Telephone: (918) 895-6798
Contact Name: Julian Morgan
Website »

More information

Help DVIS and the Tulsa Drillers knock out violence! We are in our 16th year of raising funds for survivors of domestic violence and sexual assault. Join us by pledging per home run or making a...

Cost: $1+

Where:
Tulsa, OK


Sponsor: DVIS
Telephone: 918-508-2709
Contact Name: Jenée Day
Website »

More information

Show More...
Show Less...

Featuring more than seventy works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift...

Cost: $15

Where:
Oklahoma City Museum of Art
415 Couch Drive
Oklahoma City, OK  73102
View map »


Telephone: (405) 236-3100
Website »

More information

The Please Touch the Art exhibit breaks the rules of traditional art exhibits and makes art accessible, especially for visitors who are visually impaired or blind. Guests are encouraged to touch...

Cost: free & open to the public

Where:
McKeon Center for Creativity
910 S. Boston Ave.
TCC Metro Campus
Tulsa, OK  74135
View map »


Sponsor: Tulsa Community College
Telephone: 918-595-7339
Contact Name: Cindy Armstrong

More information

The Museum’s Dickinson Research Center is home to more than 700,000 photographs, 44,000 books, and perhaps unexpectedly, at least 1,000 horses. Meet some of the herd in Horseplay, the new...

Cost: $12.50 adult entry

Where:
National Cowboy & Western Heritage Museum
1700 NE 63rd Street
Oklahoma City, OK  73111
View map »

More information

Then, Here/Now: Creating Community in the Center is a group exhibition that illuminates the histories and presence/presents of LGBTQIA+ art collectives and projects that help to ensure visibility...

Cost: Free

Where:
Living Arts of Tulsa
307 East M. B. Brady St.
Tulsa, OK  74120
View map »


Telephone: 918-585-1234
Website »

More information

Joys To The World 4th Summer Camp Enriching the quality of life for young adults with multiple disabilities. WHAT TO EXPECT Summer Camp is designed to meet the needs of students with...

Cost: $100/week; $400/4weeks; $30/day

Where:
Tulsa Hills Church
840 W. 81st Street
Tulsa, OK  74132
View map »


Sponsor: Joys to the World, Inc.
Telephone: 918-282-3191
Contact Name: Jenny Ramnath
Website »

More information

The Collinsville Chamber of Commerce is bringing back their much-anticipated Outdoor Summer Movies for a sixth year this summer. The movies will take place Thursday evenings in June at the...

Cost: Free

Where:
Collinsville City Plaza
12th and Main Street
Collinsville, OK  74021
View map »


Sponsor: Collinsville Chamber of Commerce
Telephone: 918-371-4703
Contact Name: Megan Edwards
Website »

More information

Help DVIS and the Tulsa Drillers knock out violence! We are in our 16th year of raising funds for survivors of domestic violence and sexual assault. Join us by pledging per home run or making a...

Cost: $1+

Where:
Tulsa, OK


Sponsor: DVIS
Telephone: 918-508-2709
Contact Name: Jenée Day
Website »

More information

Show More...
Show Less...

Featuring more than seventy works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift...

Cost: $15

Where:
Oklahoma City Museum of Art
415 Couch Drive
Oklahoma City, OK  73102
View map »


Telephone: (405) 236-3100
Website »

More information

The Museum’s Dickinson Research Center is home to more than 700,000 photographs, 44,000 books, and perhaps unexpectedly, at least 1,000 horses. Meet some of the herd in Horseplay, the new...

Cost: $12.50 adult entry

Where:
National Cowboy & Western Heritage Museum
1700 NE 63rd Street
Oklahoma City, OK  73111
View map »

More information

The Please Touch the Art exhibit breaks the rules of traditional art exhibits and makes art accessible, especially for visitors who are visually impaired or blind. Guests are encouraged to touch...

Cost: free & open to the public

Where:
McKeon Center for Creativity
910 S. Boston Ave.
TCC Metro Campus
Tulsa, OK  74135
View map »


Sponsor: Tulsa Community College
Telephone: 918-595-7339
Contact Name: Cindy Armstrong

More information

Then, Here/Now: Creating Community in the Center is a group exhibition that illuminates the histories and presence/presents of LGBTQIA+ art collectives and projects that help to ensure visibility...

Cost: Free

Where:
Living Arts of Tulsa
307 East M. B. Brady St.
Tulsa, OK  74120
View map »


Telephone: 918-585-1234
Website »

More information

Joys To The World 4th Summer Camp Enriching the quality of life for young adults with multiple disabilities. WHAT TO EXPECT Summer Camp is designed to meet the needs of students with...

Cost: $100/week; $400/4weeks; $30/day

Where:
Tulsa Hills Church
840 W. 81st Street
Tulsa, OK  74132
View map »


Sponsor: Joys to the World, Inc.
Telephone: 918-282-3191
Contact Name: Jenny Ramnath
Website »

More information

Ahha Tulsa and Discovery Lab have partnered to create a special night out for families in downtown Tulsa. Parents are able to drop off children at Discovery Lab and stop by ahha for a kid-free...

Cost: Kids: $25 ($15 after first child), Adults: $15

Where:
ahha Tulsa and Discovery Lab
Discovery Lab: 560 N Maybelle Ave
ahha Tulsa: 101 E Archer St
Tulsa, OK  74114
View map »

More information

A unique concert event from Vox Solaris Chamber Choir, mixing traditional choir music with craft beer.  Come join us for this choir concert in the non-traditional venue of...

Cost: $25

Where:
Welltown Brewing
114 W Archer St
Tulsa, OK  74103
View map »


Sponsor: Vox Solaris Chamber Choir
Contact Name: Jeffery Wall
Website »

More information

Help DVIS and the Tulsa Drillers knock out violence! We are in our 16th year of raising funds for survivors of domestic violence and sexual assault. Join us by pledging per home run or making a...

Cost: $1+

Where:
Tulsa, OK


Sponsor: DVIS
Telephone: 918-508-2709
Contact Name: Jenée Day
Website »

More information

Show More...
Show Less...

The Museum’s Dickinson Research Center is home to more than 700,000 photographs, 44,000 books, and perhaps unexpectedly, at least 1,000 horses. Meet some of the herd in Horseplay, the new...

Cost: $12.50 adult entry

Where:
National Cowboy & Western Heritage Museum
1700 NE 63rd Street
Oklahoma City, OK  73111
View map »

More information

Featuring more than seventy works by French and European masters such as Degas, Manet, Monet, Rousseau and Van Gogh, this exhibition celebrates Mr. and Mrs. Paul Mellon’s extraordinary gift...

Cost: $15

Where:
Oklahoma City Museum of Art
415 Couch Drive
Oklahoma City, OK  73102
View map »


Telephone: (405) 236-3100
Website »

More information

Then, Here/Now: Creating Community in the Center is a group exhibition that illuminates the histories and presence/presents of LGBTQIA+ art collectives and projects that help to ensure visibility...

Cost: Free

Where:
Living Arts of Tulsa
307 East M. B. Brady St.
Tulsa, OK  74120
View map »


Telephone: 918-585-1234
Website »

More information

Car Show, Bike Show, Poker Run, Food, Live Music, Burnout Contest 

Cost: $0-$100.00

Where:
Downtown Wagoner
Main Street
Wagoner
Wagoner, OK  74467
View map »


Sponsor: Wagoner Main Street
Telephone: 918-577-1772
Contact Name: Samantha Call
Website »

More information

Joys To The World 4th Summer Camp Enriching the quality of life for young adults with multiple disabilities. WHAT TO EXPECT Summer Camp is designed to meet the needs of students with...

Cost: $100/week; $400/4weeks; $30/day

Where:
Tulsa Hills Church
840 W. 81st Street
Tulsa, OK  74132
View map »


Sponsor: Joys to the World, Inc.
Telephone: 918-282-3191
Contact Name: Jenny Ramnath
Website »

More information

Tulsa Water Lantern Festival is coming up on June 29, 2019! Voted #1 Best Cultural Festival by USA TODAY! Water Lantern Festival is a floating lantern event that is all about connections....

Cost: 1-40

Where:
Events Park
21101 E 101st St
Broken Arrow, OK
View map »

More information

America’s LARGEST interactive comedy murder mystery dinner show is now playing at the Hilton Garden Inn Tulsa Broken Arrow! At The Dinner Detective, you’ll tackle a challenging crime while you...

Cost: 59.95

Where:
Hilton Garden Inn Tulsa- Broken Arrow
420 W Albany St.
Broken Arrow, OK  74012
View map »


Telephone: 866-496-0535
Contact Name: The Dinner Detective
Website »

More information

Help DVIS and the Tulsa Drillers knock out violence! We are in our 16th year of raising funds for survivors of domestic violence and sexual assault. Join us by pledging per home run or making a...

Cost: $1+

Where:
Tulsa, OK


Sponsor: DVIS
Telephone: 918-508-2709
Contact Name: Jenée Day
Website »

More information

Show More...
Show Less...
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