Method 1: Use an Electric Sharpener. Quality electric sharpeners are an option, but I strongly discourage their use. First off, they remove a tremendous amount of material from your edge. Sharpen your knife a dozen times, and you've lost a good half-centimeter of width, throwing it off balance, and rendering any blade with a bolster (i.e. most high-end forged blades) useless. Secondly, even the best models provide only an adequate edge. If you don't mind replacing your knives every few years and are happy with the edge they give you, they'll do the trick. But a much better choice is to...
When you sharpen a Buck Knife properly it will perform the way it was meant to. Never sharpen your knife on a power-driven grinding wheel not specifically designed for that purpose. You could burn the temper from your blade making the edge brittle and prone to chips or cracks. This also voids the warranty. The first step to knife sharpening is to pick a sharpener.

Functionality – If you have experience with the stick or sharpening stone you likely don’t want or need anything else. If, however, you are in search of an electric-powered sharpener you’ll want to consider how many “stages” you need in your sharpener. In a typical 3-stage sharpener the first stage is the coarsest and does most of the heavy lifting required to turn the edge from dull to sharp. The second stage will have finer grain sharpening wheels. These are used to hone the edge, that is, to smooth out the burrs left by the coarse first stage. A third stage will refine the edge even further and remove any debris left over from the sharpening process.

I do have to question the grit ratings of these stones. I didn't notice anything before using them, but after a day, the 2000 grit actually felt courser than the 1000 grit side of the other stone. Whether that could be a byproduct of other factors or an indication of the more obvious, being that the grit ratings aren't accurate, I don't know. But that seemed to be the main criticism of cheaper whetstones, that their grit ratings often aren't accurate. Or maybe it's less a problem with accuracy and more a difference that most synthetic stones might have in common when being compared to much pricier natural stones?
Like all DMT® products, DMT sharpening stones are proudly made in the USA and will produce excellent, consistent results time after time, year after year. DMT's diamond sharpening stones feature the most diamond per square inch in the industry and a proprietary process that ensures near-perfect consistency in grit size, engineered to be the flattest sharpeners on the market. Simply put, DMT’s premium sharpening stones are best-in-class products with undeniable long-lasting value.
Sharpening on the other hand is reupholstering the furniture or telling the hair stylist to give you a new look. Material is going to be removed from the edge of the blade. There’s no way around it. How much is removed will be a function of just how dull the knife has become or whether you’re sharpening to compensate for a chip in the edge or because the tip has broken off. If your knife is not damaged and you have it sharpened twice a year very little material will be removed each time, yet it may still be enough for you to notice just by looking carefully with the naked eye.
Removing the burr is fairly simple. You'll need a leather strop or block (this sort of thing), which is designed to catch the metal fibres from the knife. You could do it with a fibrous tea towel or some newspaper if you like, but I'd suggest going with leather to begin with. The motion is fairly similar to sharpening. Draw the knife over the leather, going away from the edge at roughly the same angle as when you sharpened.