My advice is actually the opposite. During the early part of the tourney, this is a good strategy, but towards the middle, when the blinds are becoming significant, that's when you want to turn up the aggression and start building your stack. That may help position you for a better run at the money, or more importantly, a run at going deep... Once you get down to 10 BB, you are already in trouble... so I think you need to address the problem (and likely take some ricks) before you get to this point.
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