That's at least an excellent way to see what Satan meant to Aleister Crowley ð
However, a basic component of Qabalistic magick - possibly one of the most important keys I can convey - is that every true Hebrew "word of power" (names of spiritual beings and certain other main words) is both a thing in and of itself, and (especially) a concatenation of individual units of consciousness provided by each letter of the name. All real words are formulae, and the formulae are understood by understanding (1) each individual letter, (2) their relationship to each other, and (3) the context in which the Name or other Word appears.
As a parallel - If you want to understand what YHVH meant to the ancient Hebrews, read the Torah. If you want to understand what it means in and of itself, study the formula spelled Yod Heh Vav Heh. Ditto ADNI, ALHIM, and any of the others.
In Thelema, it's probably most generally right to say that a thing most means what it means in and of itself.