What compact knife sharpening tool do you recommend?

DMT or Lansky diamond paddle sharpeners. I have the latter in 600grit, works great and has been on a few hunting trips as well. Alaso use it to maintain my edges at home.
 
Fallkniven DC4 is great if you can find one. Another I carry with it is the Eze-Lap sportsmans diamond rod model "M" . I can pretty much sharpen anything when I'm mobile with those 2 items.
 
I have had good results from the before-mentioned DMT Dia-Fold sharpeners. I have them in all grits 220 to 8,000.

Also the Spyderco Double-Stuff with brown/medium and white/fine grits — plus the leather slipcase can be used as a strop for final edge polishing and touch-ups.
 
The Smith's pull-through sharpeners are... bad. I have tried all of the pocket pull-throughs they make, and none of them were really worth it. The best pocket sharpeners I have used are the Rapala 2-stage ceramic pull-through, can be bought for as little as $3. For a more manual sharpener that works with serrated blades I would go with the Gatco Tri-Seps, It is basically a 3 sided sharpening stick that accomadates straight edge and mst all serrations (I do not beilve it will work with very small serrations), made from varying ceramics (based on the model). It also accomodates arrowheads and darts/bolts, and should also take fish hooks. The Gatco does just about everything, and can be found for less than $10 (got mine on sale for $5). Hope I helped!
 
I just have a Lansky Turnbox in the car. I keep a brown and a white Spyderco Sharpmaker rod set in my toolbag and one set in my bug out bag.
 
DMT sounds good and if super compactness and low price is the goal go for sandpaper (the fine stuff used for car restoring etc) found some last night at a wally world and man my edge's are poppin
 
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