Check this out from 3M. We use the entire system in our Auto Body classes with great results.
Go to the video on "full panel". About half way through they get into the buffing/polishing part. The whole system works well. 3M also makes a white foam pad for the compounding process if wool scares you.
http://solutions.3m.com/wps/portal/3M/en_US/3MAutomotive/Aftermarket/Solutions/Paint_Dept/Paint-Finish-Clean-Deliver/
Go to the video on "full panel". About half way through they get into the buffing/polishing part. The whole system works well. 3M also makes a white foam pad for the compounding process if wool scares you.
http://solutions.3m.com/wps/portal/3M/en_US/3MAutomotive/Aftermarket/Solutions/Paint_Dept/Paint-Finish-Clean-Deliver/