Chad's article is excellent.
So excellent that after reading it, you probably don't need to bother with his book on knives and sharpening, "An Edge in the Kitchen".
"Stainless" can be soft or hard, it depends what stainless it is.
Sadly, any remotely affordable "Damascus" knife will only have a decorative outer layer over the blade. Sadly its just for looks, rather than performance. Its not really made out steel with a layered structure, exposed at the edges. You'll pay an awful lot for a real Damascus blade.
A hard steel (material) will hold an edge longer than a softer steel, but it will be harder work to sharpen, and the harder steel will also be more brittle, so you'd need to keep it away from bones, etc.
A new knife should (but doesn't always) have a good edge. But even so, it will not hold it for ever - its just a matter of when it will need proper sharpening.
See Chad's article for an explanation of how a 'steel' is used to 'true' (straighten) the edge, maintaining whatever edge,
not to actually sharpen it.
Proper sharpening involves abrading material, usually with a stone (sometimes even Diamond!)
Motorised abrasives remove knife material quickly, but can therefore easily screw up a knife! They rarely produce a good edge.
To get a good edge, one requirement is a consistent edge angle along the blade.
Rather than acquire the muscle memory to hold an edge manually at the constant chosen angle to a stone, I invested in an EdgePro Apex.
I haven't regretted it.
But properly sharp kitchen knives need careful handling and storage - don't just toss them into a kitchen drawer! (That becomes dangerous, apart from risking damage to the knife edges.
I have mostly cheapish knives, but most of the time, most of them are very sharp indeed. I have one (for me) expensive blade made of the Japanese wonder steel "ZDP189" (Google it ...), but I actually prefer using a much more modest tool, in exceptionally good order.
The Victorinox (USA "Forschner") knives aren't expensive and can take a good edge - if you can make one!
Chad's "mouse mat trick" is a simple means of producing a decent edge, with very low cost tools...