Is it? I mean is it for other fairly well run companies? Fairfax entered into TRS in 2020, at that time, there was definitely at discount, but could be argued not outrageously discounted? Since then, Fairfax has had a meteoric rise, but ... in another timeline, stock price could stay irrationally discounted longer and might have led to more issues?
I guess my gist is that other companies could have adopted same strategy and things could have played out differently?