The Pratt is perfect for wider ties, because it creates a semi-wide and symmetrical knot. It creates a balance between the wide end of the blade and your neck when a smaller knot could make your entire look appear bottom-heavy. The Pratt is very simple to tie and works on any size of tie. It is has also been known as the Shelby.
Knot Dossier
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In spite of the assertion that the Pratt knot was invented in 1969, I have used it since 1961.