I realise the importance of WB and do use the icon variations. To set manually though I do get somewhat confused. Why the white and grey card...New here so sound a bit ignorant no doubt. I have done 4 weddings using the icon changes for the large difference in light ...Manually settings confuse me ....I relise one takes a pic of the card ...then what ?
Once you have the camera set whether manually or otherwise why the need to alter it in Lightroom of Photoshop ? .
The white card or grey card is just a known reference that contains equal amounts of red, green and blue light, that the camera is calibrated to replicate. The theory being that if the camera is zeroed to this, all other colours will naturally fall accurately. You could take a WB reference off any colour card and the camera would then make it appear grey, but then all other colours would be skewed. You can actually buy WB accessories that do this deliberately, being a very light blue which makes skin tones warmer (and everything else warmer too).
Here's an example of difficult white balance. I just googled snooker player, and as you can see the guy has a green face, but the shot looks natural
http://www.bbc.co.uk/sport/0/snooker/21127300 This kind of effect happens all the time, though thankfully to a much lesser extent. You might get something similar photographing children sitting on green grass. Or in a room lit by daylight but with brightly coloured walls or furnishings, near the window the correct white balance will be close to the daylight, but as you get further into the room the light picks up more and more reflected colour from the surroundings, and if there's also some artificial light, then that's going to change things too.
In situations like that, 100% colour accuracy is simply not possible and the best compromise is usually set by eye and on the whole this works well enough and our eyes compensate and tolerate quite a lot. As I said above, colour consistency shot to shot is more important than absolute accuracy.
If 100% colour accuracy is necessary, for maybe a fashion shoot or catalogue work, then the photographer must control all the light at source and ensure there's nothing in the environment that can affect it.