Of course one does slather on the grease before putting the stem into the steerer tube. HOWEVER, be sure to tighten it down carefully so that the grease doesn't assist it to suddenly spin and dump you ingloriously on the ground (as I just did about 20 mins ago... sigh).
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1959 Hilton Wrigley Connoisseur (my favorite!)
1963 Hetchins Mountain King
1971 Gitane Tour de France (original owner)
* 1971 Gitane Super Corsa (crashed)
* rebuilt as upright cruiser
1971 Gitane Super Corsa #2 (sweet replacement)
1980 Ritchey Road Touring (The Grail Bike)
1982 Tom Ritchey Everest
(replacing stolen 1981 TR Everest custom)
1982 Tom Ritchey McKinley (touring pickup truck)
1985 ALAN Record (Glued & Screwed. A gift.)