Lots of great responses here, so I'll be brief. [post script, I lied, then I typed]
I land on the side of those who, after learning how to sharpen, find that having maybe one or two serrated knives around is plenty, and I don't buy serrated stuff anymore as I rarely need serrations for what I use a knife for typically.
Bottom Line:
I find a Medium or Fine diamond stone induced edge, one that fairly cleanly and is grabby/toothy, to nearly always be the right tool for me, for daily carry.
Talmadge's post is good stuff. Makes sense.
My daily carry stuff has either a 20 degree or 25 degree final edge. Depends on knife and steel. And on where I was in my learning curve when knife was purchased. I put more 25 degree bevels on early on, now use 20 usually. Same for hunting knives. Bigger blades (5" to 12") get same to steeper angles depending on intended use.
Machete's & Axes:
Edge angle on my machete's is steep, but I do it on a bench grinder and they'll still get shaving sharp, pretty rough and they scrape plenty of skin while roughly shaving, and I leave probably a 30 degree (not included) on those since I chop with them. My hatchets and axes are of course convex, done on same bench grinder (a 220 grit coated cardboard wheel followed by rouge-loaded hard cardboard wheel), and they may be 35-40 degrees, and sometimes they even shave a little hair (grab/scrape) when I'm done. They sink deep and edge has lots of backing.
Big Blades:
Stuff from 5" up to 12"... depends. I keep a convex edge on the biggest stuff, 9" to 12" bowie. Use rubber backed 2x4 and 400 to 600 grit sandpaper for big convex blades (thanks Cliff Stamp). Stuff 5" to 6", alternatively, I can get done on Lansky in two moves of the jib, no problem blending the angle as some have reported. Or I step up to the 220 grit grinding wheel and free-hand it, and that kind of automatically results in a sort of convex final edge like the Sebenza's (only not that sharp yet!).
Kitchen knives:
I use an Chef's Choice EdgePro 120 motorized sharpener. That means all kitchen knives have a two part bevel, I think at 15 then 20. Unit has 2 diamond wheels, coarsest is for initial beveling. Medium grit puts a grabby edge on. Third wheel is a nifty fine stopping type wheel, and it is very good at removing the burr. Nifty. Kitchen set is just a decent set of Henckels knives, not custom. My wife would kill me if I bought a bunch of high end/high dollar custom kitchen knives (Boye, Phil Wilson, etc). So for these Henckels, I don't feel bad about using a motorized unit...if I remove a bit too much steel, well, then I'm just that much closer to "having" to buy custom.

I use a Henckels steel to keep edge straight between sessions on the EdgePro. Would they push cut better if polished? Probably so. Do they push/chop through veggies fine? Yes. Do they slice meat? Absolutely. Are they optimized? No, they aren't. Are they sharper than 99.9% of the other people's kitchen knives? Yup. Are they sharp all the time? Yup. Am I somewhat lazy with respect to optimum edge on kitchen knives? Yup. And seriously, I can run 12 knives across that machine to renew to a grabby, scrapey/shaving edge in about 6 minutes, so they are always sharp. 30 seconds or less per knife. So they stay sharp. It's actually fun, not work. I have to resist using the machine.
Daily Carry Folders (5 days/week/job):
I nearly always use a Lansky for my rotation of daily carry folders. I have a worn-out Medium grit Diamond stone that I use for final edge. Probably about like a new to somewhat-worn Fine diamond. Diamond cuts fast, diamond leaves a shaving edge that is grabby, toothy, and that works great for daily carry. It's not often that I grab for a serrated blade to cut, say, tough synthetic cord or a particularly gnarly vine around the yard, as I don't have it with me and get through this stuff fine with toothy diamond edge. Daily carry to work 5 days a week is one of my customs or Sebenza's, all worn medium diamond final edge, most at 20 degrees, some at 25. I rotate them. If it doesn't shave it is put into resharpen spot on coffee table for something to do while watching the tube.
Defensive Folder:
If I know I'm headed to say the French Quarter or somewhere else where I want a more for-purpose defensive knife, I grab the Emerson Mach-I, with chisel grind on wrong side and all, and partly serrated, since this one has a good lockup and part serrations and a great handle for sure grip. YMMV. Emerson is reprofiled to 30 degrees included, except around the tip where the production line hammer-head at Emerson free-handed the last 1/8" to about 50 degrees, and I'd have to remove too much metal to get rid of that. The 710 gets chosen in this defensive carry mode often too. Medium worn diamond again.
Working/Weekend/Around the yard carry:
I have 4 BM AFCK 800's and 3 BM 710's, 2 Spyderco Starmate/Terzuola's, 1 Spydie Military ... most picked up used for good prices. That is the "work force". Bunch of Dozier fixed blades too. Most of them are always really sharp and ready to go, one folder stays in mountain bike seat bag, one folder and a 6" fixed blade stay in garage, etc. I grab these to work around the yard. They all get a medium to fine diamond for final edge. I don't use the Spydie 204 much, just for serrations, but when I do, I stick with the gray ceramic for making burr, and just use the white ceramic to remove the burr and finalize the edge. (i.e. I don't polish many edges).
Overall, if the 710 had a stouter point, that would be about the perfect production working knife for me, dropped/swedge point, enough point, enough belly, recurved back edge, 4" blade, trustworthy Axis lock, inexpensive enough I won't cry if I chip the edge or lose it somehow (haven't lost a knife yet! Not even fishing. Knock on keyboard... shouldn't have typed that... that's my a$$). I like the 710 for a defensive folder also since it's legal to carry 4" around here and I like Axis.
Polished Edges:
If I wanted one, I have a worn-out Fine diamond Lansky, and then I can either finish the edge on the rouge-loaded fiberboard wheel and use that like a very fine grit grinding wheel (polishing really), or futz around w/ white ceramic 204 sticks (not often). The rouge wheel leaves a very polished and convex edge like a NIB Sebenza, although I sure can't get them that perfected...yet. I'd love to watch those guys in Chris' shop do the edges.
Ok, I lied. It wasn't a short post.

Hi, my name is Rob, and I'm a knife-o-holic.