I think the best knife is one that you can carry on your person at all times. The particular knife differs from person to person. The "best" knife that there is isn't going to help you when you fall off the kayak and crawl to shore soaking wet. It only counts if you can keep it on your person at all times. It also has to be legal in your expected locations.

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I decided to EDC a lanyarded "cat" knife.

http://www.knifecenter.com/item/K55/merc...teel-army-issue

I can keep it nice and sharp. It is small and inobtrusive. Works well. Most importantly, I am comfortable using it. Only downside is that it is carbon steel and isn't as pretty. Oops.

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Backup EDC is my Leatherman. Unfortunately, I have not figured out a way to keep a lanyard on the Leatherman.

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In my pack, I keep a cheap Mora. Nice and light.

http://www.amazon.com/Morakniv-Companion...p;keywords=mora

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I retired my old Buck 110 since it was a bit bulky on my belt in addition to my Leatherman.

http://www.amazon.com/Buck-110BRS-Fld-Hu...ywords=buck+110

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I own a wonderful Rodan Condor but it is too heavy to carry around.

http://www.amazon.com/Condor-5-25-Inch-Polypropylene-Handle-Leather/dp/B002CBWQ0C

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I suppose I will regret not having a heavy knife if I have to baton something but I am trying to reduce pack weight. There is no need to fetishize a $300 knife. Its JUST A KNIFE! I am not going to fight the Japanese in the Guadalcanal.