Here I must disagree. We have a lot of forrest in my country. Very easy to get lost. And hard to tell any direction when the sun is covered by clouds. Here the wrist compass comes handy.

Also when in an unfamiliar city. A few times I have come out of the metro station in Stockholm and did not have clue about directions. Well that is, until a look on the wrist compass solved the problem.

And with the suunto wrist compass it is possible to take readings with 5 degrees accuracy.