This is probably wrong. The important point is that physics isn't a mind, and less so human mind or your mind, so it doesn't care about your high-level concepts, which makes their materialization in reality impossible. Even though the territory computes much more data than people, it's data not structured in a way human concepts are.
I would assert that, by definition, a meaningful concept is reducible to some other set of concepts. If this chain of meaning can be extended to unambiguous physics, then their "materialization in reality" is certainly possible, it's just a complicated boundary in Thingspace.
Here's our place to discuss Less Wrong topics that have not appeared in recent posts. Have fun building smaller brains inside of your brains (or not, as you please).