That was also likely the reason that the suggested interval for greasing bearings was about 6 months or twice a year.
Yea, back in the day, we used to rebuild our Campy Record hubs, headset, pedals etc. every winter. It gave me something to do, but the white grease always looked white and clean at the end of the season.
Now, I mainly use the white stuff in a syringe when I work of cheap or kids bikes. Back off the cones a little, squirt some stuff in and readjust.
As soon as I use my tub up, I will buy some "proper grease." At this rate, that should be around 2075.