I can see that. And your counterexample is also pretty apt.

I guess universally it may not be true, but I suspect for some it very well could be. Just depends on the value function you ascribe to (knowingly or unknowingly).

It should also be said that this topic is more complex than these simple models. I've heard it described that Narcissists essentially refute the evidence rather than allow it to poke a hole in their bubble of self-worth; All of that to say, there are many moving pieces beyond just how you value things that add up to your self-worth.