hi,
you are partially correct. -OH group is hydrophilic and alkyl group is lipophilic.when we consider the effect of alkyl group on solubility for lower members of the series the -OH group constitutes a large portion of the molecule, and these compounds are miscible with water. but, as the number of carbons increases, the solubility steadily decreases. a long chain with an -OH at one end of it is mostely hydrocarbon and its solubility is less.
the solubility of ethanol ( in g/ 100g H2O) is infinity, whereas for 1-pentanol it is 2.3.
cheers
GSR