Hi,
This has been a journey.
It took it’s time, but now I can honestly say I Can do something really useful with my hands (and eyes).
I have two DMT diamond sharpening stones, coarse and medium. I use water with those ones.
Then I have a Danish made electric bench grinder you usually see equipped with two stone wheels, but now I got both of them replaced with hard wool felt wheels.
Those felt wheels are made of “industrial wool”, which is actually organic sheep wool from Australia or New Zealand (mostly).
The Industrial Wool is generally used for making oil absorbing cloths against spills in garages and workshops, because sheep wool has this unbelievable property of absorbing oils many times it’s weight.
These bench grinder wool felt wheels are compressed and cut to make a really hard wool polishing disc product which still exploits the oil and wax absorbing property of wool.
I have a thick bar of paraffin oil softened carnauba wax -binded polishing wax which is filled with 1 micron alumina powder. The alumina is so-called “superground”, which means it is ground down to a single crystal level. It is therefore really tough and sharp powder particle in this form.
I assure you fellow Straight Dopers, once you got you hands into the same gear I have, this world will be much more peaceful place with all of those UNBELIEVABLY sharp kitchen knifes everyone will have at their disposal.
Mind you, the Coarse DMT is really for severely chipped edges. You do not really need it unless you are fixing all kinds of chipped hardened steel, stainless steel, high speed steel or TC back into a shape.
The Medium DMT is seriously good piece of gear to have around.
The real razor appears really in just a few seconds with the hard wool felt wheels and proper rouge, powered by a decent bench grinder. Polish the edge always with the rotation.
I can cut the hair just by touching the hair halfway with the edge. No need to move the knife with the skin at all.
Even the most useless knifes are brought back to life just like that. My sushi/sashimi kitchen has never before been as “clean cut” as it is now.
I feel seriously good. Straight Dope is certainly credited here. 
Yours,
Sasamu