[jeffnc]

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The question: PTF puts forward a similar concept, namely that in fast MTTs, early variance is good for you (although it's not stated quite that way). You want to get a big stack or get out. PTF says to get aggressive faster in fast tournaments regardless of M, presumably to get that variance. Is this correct?

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That was not my understanding from reading the book exactly, but I did get the impression he values a large stack more than Harrington does and is willing to accept more variance to get it. Or by variance do you mean variance in your place of finish? Because then I think it's pretty easy to show that a lot more bustouts is worth it for a few higher finishes. But that's true regardless of the blind speed.

I thought the main point was that in a very fast tournament, NOT playing aggressively is what's risky simply because the quickly increasing blinds pose more of a threat than most players realize.