Earlier quoted context omitted.
I've pointed out in the past that if the characters you're deduplicating don't actually have the same meaning, you're just compressing your code; I've been trying to popularize labelling that kind of aggressive misapplication of DRY "Huffman coding".
On the other hand, if you keep repeating the same character sequence there is probably some structure on your code that you can also abstract away. You are not restricted to factoring business concepts.
I do agree that a piece of knowledge may not be a business concept.