The great Karl Popper often started with an unerring representation of the opponents positions, often exhaustive, as if he were marketing them as his own ideas, before proceeding to systematically dismantle them. Also, take Hayek’s diatribes Contra Keynes and Cambridge: it was a “contra” but not a single line misrepresents Keynes or makes an overt attempt at sensationalizing. (I have to say that it helped that people were too intimidated by Keynes’ intellect and aggressive personality to risk triggering his ire.)
It is impossible for anyone to write a perfectly rationally argued document without a segment that, out of context, can be transformed by some dishonest copywriter to appear totally absurd and lend itself to sensationalization, so politicians, charlatans and, more disturbingly, journalists hunt for these segments. “Give me a few lines written by any man and I will find enough to get him hung” goes the saying attributed to Richelieu, Voltaire, Talleyrand, a vicious censor during the French revolution phase of terror, and a few others. As Donald Trump said “The facts are true, the news is fake” –ironically at a press conference in which he suffered the same selective reporting as my RSA event.
Which is why growth is now everything and residual value is nothing. In fact, the latter can be outright harmful to the former. When you’re being priced on the hopes and dreams of potential, reality can be a dangerous and undesired competitor. Best just to appeal to the exponential curve and let the imagination roam free. An epic capital gains score awaits!