If it is white lingers and is not steam, steam dissipates quickly and you can smell derv in the smoke it's a sign of the derv not been correctly combusted in the cylinders, yje unburnt fuel passing through the exhaust
Causes can be low compression, faulty injection timing, faulty injectors, low fuel pressure , contaminated derv, timing gear problems and as mentioned by Dave, petrol in the derv, easy to find out draw some derv out of the tank, have a sniff at it the petrol smell is usually apparent, somewhere safe, pour a small quantity on a stone or concrete surface and try to light it with a match, derv shouldn't ignite it need a wick much like paraffin, but with petrol in the petrol vapours ignite, soon flare out and leave an oily deposit on the surface.
Plus check for water in the derv.
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Common sense isn't a gift, it's a punishment because you have to deal with everyone who doesn't have it. 
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