Exactly. It is the reason he is also emphasizing that we go for multiple meanings and applications. Many concepts using same initials or key words can be true all at once or at different applications, and lead us to important stories and information of a varying nature, in many areas of concern.
For example, “KEYHOLE” can refer legitimately to the Vatican and those issues as well as a satellite technology allowing NSA to glean info about events on the ground from space. Context is what gives the clue as to which meaning may be the right one.