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The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · October 2026
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.
…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.
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.
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…
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
put it, Aric Wolf. Right. Right. It's an incredible temple in Westchester.
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…