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Matt Ludmer

Things Matt Says on Podcasts

Where to Find Them

Matt Ludmer has been a guest on Motley Fool Hidden Gems Investing and The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network .

Recently: “RWH074: True Wealth w/ Matt Ludmer” on The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network (October 2026); “Why the Wealthiest People in the Room Are Often the Most Miserable — And What to Do About It” on Motley Fool Hidden Gems Investing (October 2026).

What They Said

“I told him that I was doing therapy and he looked at me and he goes, hey, are you trying to be perfect? He goes, don't be perfect. Just be functional. … The distance between being functional and being perfect sucks all the joy out.” — Matt Ludmer, The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

Ludmer, a wealth adviser, is relaying advice from his longtime meditation teacher while wrapping up a conversation about his framework for "true wealth." His point is that you shouldn't try to be perfectly wealthy, or even a perfect meditator. Functional, he says, leaves room for everything else.

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · 2026-10-18 Permalink → Listen →
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network Around 2:19:20 into the episode
Matt Ludmer

…fun with it. It could turn too serious. So having a good balance of what's fun to do, what you must do, and what your heart yearns for, to me, is like a beautiful equation for being lit up. And when I see people who are lit up, they tend to have all three of those kind of checked off and in action.

William Green

And before I let you go, Matt, because we'll have to wrap this up in a couple of minutes, tell us the instruction, the advice that Soknu Rimpocher gave you when you saw that. All right, all right. Let's write at that.

Matt Ludmer

Yeah, to sum up this conversation, you know, it's, you know, once you have the map of true wealth, which you'll have, and we, we've gone through a bunch of it, but not all of it. Once you see these four quadrants of true wealth, I remember I was once with Soki Rimpoche, who has been my teacher for like a long time. And I told him that I was doing therapy and he looked at me and he goes, hey, are you trying to be perfect? He goes, don't be perfect. Just be functional. And that's probably the biggest message I could leave today. The idea of all these wealth is not to be perfect. It is to be functional in them. Because if you're functional, there's space in them. Perfect is like we grew up in a Disney world, right? The kids watch Disney films. We watch some. The distance between being functional and being perfect sucks all the joy out. Perfection, you want to…

William Green

much a matter of easing up as like, I'm going to retire and not do anything. I think what's really striking when you look at great teachers like Sokni Ripoche or like Candler Rinpoche, this other great teacher of us who you didn't name before, but who's played a great deal of money? Or I want to

Matt Ludmer

put it, Aric Wolf. Right. Right. It's an incredible temple in Westchester.

William Green

I think what you see in them that's extraordinary is there's this kind of easing up where they're okay no matter what. And I think the more, the more I look at your life, the more I think, you know, in my own life, like that's the goal is to get to a point where you're able, you still want to be…

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