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The correct answer is: Don't. Pouch sheaths loosen over time. Inevitably, you will reach a point where you will wish the retention was tighter.
Note 1: I hate pouch sheaths.
Note 2: I love the little pouch sheath that came with my Buck 501.
Note 3: The little pouch sheath that came with my Buck 501 makes me nervous that it will loosen over time . . . .
