[smbruin22]

VK_rick, no need to apologize, in fact one of the best entries in this whole thread.

i wrestle with this thinking too. and i agree there are two elements to M, if not more.... there are your two listed elements, and then there's risk/reward for stealing the blinds too (although it sort of relates to argument #1), and then it somewhat matters what your M is relative to others.

to the other posters argument, i don't think you need to conserve chips that much when your M is large but declining very quickly. i think you have to conserve chips 20 minutes later when your M is alot lower