IN THIS EPISODE, YOU’LL LEARN:

• Why Matt Ludmer reveres his father as his greatest teacher.
• How Matt started out shining shoes & selling frozen food.
• How he scored an investment adviser job at Morgan Stanley.
• What happens when our hunger for success goes too far.
• How to diagnose where your life is out of balance.
• How loneliness led Matt to create a “heartfelt community.”
• Why many top investors view meditation as a smart investment.
• How to build rich relationships by meeting people where they are.
• Why Matt prefers low-cost ETFs to actively managed funds.
• How his confidence in stocks is built on a century of data.
• Why it’s psychologically shrewd to divide your assets into three pots.
• How to find a career—& design a life—that lights you up.
• Why the ultimate prize is unconditional contentment.

Disclosure: This episode and the resources on this page are for informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. For full disclosures, see link.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:03] William Green: Hi there. It’s wonderful to see you again on the Richer, Wiser, Happier podcast. I’m particularly excited about today’s episode because it’s a long-awaited opportunity to introduce you to someone who’s been a really important figure in my life since we first became great friends about eight years ago.

[00:00:19] William Green: His name is Matt Ludmer, and he runs a wealth management firm called Aligned Wealth, which helps sophisticated high net worth clients build long-term wealth in a very simple, low-stress way that tries to give them the freedom and spaciousness to concentrate on what matters most to them. As you’ll hear, Matt’s focus is on building a life that’s truly rich in every dimension, which obviously goes way beyond money.

[00:00:45] William Green: That’s also the focus of his new book, which I have right here, which comes out this week. It’s titled The Right Mountain, and the subtitle is Practical Wisdom for Achieving True Wealth. I’m not by any means an impartial observer because I worked very closely with Matt and his co-author, Kristin Kay, on this book over several years, ultimately serving as their editor.

[00:01:07] William Green: But I have no doubt at all that you’ll find Matt’s insights extremely valuable, both in the book and in today’s discussion. But before we get to our conversation, I also wanted to mention quickly that I still have several open spaces in my upcoming Richer, Wiser, Happier Masterclass, which begins in December.

[00:01:25] William Green: This is an opportunity to study with me over the course of a year in a very small, intimate group that’s likely to be somewhere between ten and 20 people. We’ll meet once a month over Zoom, and we’ll also get together in person at a couple of unique events. The aim here is to create a year-long journey of exploration to help you move toward a life that’s truly Richer, Wiser, and Happier.

[00:01:50] William Green: We’ll chat in depth about how you can actually apply in your own life the lessons I’ve learned from great investors like Charlie Munger, Sir John Templeton, Ed Thorp, Howard Marks, Nick Sleep, Bill Miller, and the like. These are not just lessons about how to build enduring wealth, but about how to think and how to live.

[00:02:08] William Green: This is the third year in a row that I’ve hosted a Richer, Wiser, Happier Masterclass, and I expect it to be the last class that I offer. The first two groups included an exceptionally accomplished selection of people from all over the world, including some hugely successful hedge fund managers and mutual fund managers, asset allocators, wealth advisors, managers of family offices, a doctor, a management consultant, several CEOs and entrepreneurs, a renowned physicist turned quant, and the head of global real estate at the world’s largest asset manager.

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BOOKS AND RESOURCES

• Inquire about William Green’s ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Richer, Wiser, Happier Masterclass⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.
• Matt Ludmer’s book, “The Right Mountain.”
• Napoleon Hill’s book, “Think and Grow Rich!”
• Krishnamurti’s book, “Commentaries on Living.”
• Lee Eisenberg’s book, “The Number.”
• Daniel Goleman & Tsoknyi Rinpoche’s book, “Why We Meditate.”
• Tara Bennett-Goleman’s book, “Emotional Alchemy.”
• William Green’s podcast with Tsoknyi Rinpoche & Daniel Goleman.
• William Green’s book, “Richer, Wiser, Happier” – ⁠read the reviews of this book⁠.
• Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast.
• Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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