Munger Mode rating: 2 out of 5 — Sell. Our own rating from the research report below, on business quality first: moat durability and management, with price separating the top three.
We have spent our lives looking for businesses we can understand, with moats we can trust for decades, run by people we'd be happy to have marry into the family, available at sensible prices. Figma clears some of these hurdles impressively and stumbles at the ones that matter most to us. Let us walk through it the way we would at the annual meeting, taking our time, because this is a genuinely interesting company — and interesting, as Charlie likes to remind everyone, is not the same thing as investable. Figma sells browser-based software for designing digital products — the screens, buttons, and flows of websites and applications. Its core product, Figma Design, is the tool a product team opens when deciding what an app should look like and how it should behave.
Stock screener · Superinvestor 13F holdings · Analyst sentiment · Market valuation