The Poker Tournament Formula by Arnold Snyder...

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Let's say you have an M of 30 and are dealt a small pair. Someone else who also has plenty of chips makes a small raise. You should play.

Now suppose it's a litle later in the tournament, perhaps after the levels have just increased and you have the exact same number of chips, have the same small pair, and are against the same opponent who still has plenty of chips, but now your M is 15. You should fold. Notice that this has nothing to do with tournament speed.

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Exactly what I was trying to say.

A lot of people are saying that "fast play" is the right strategy to take in fast tournaments, but also works great in slow tournaments. Doesn't that imply that it's not a tournament speed thing?!? You can't have something based on tournament speed that works good under both conditions.

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You can have one strategy work well in both tournament types, and another strategy that works well in only one type of tournament.

Playing "fast" can work in both types of tournaments, as you point out. But that doesn't mean that speed does not matter, because playing "slow" does not work in fast tournaments.

By the way, my post above should have read an M of 20 in both the fast and the slow tournaments. Leavenfish's example is absurd (as he admits), but it illustrates the importance of considering the speed.