Have you ever been insulted? If so, how did you feel? Did you get angry? If you did, why? Isn't it because of pride? Isn't it because you're conceited? You see, there are only two kinds of egotists - those who admit it and the rest of us. Yes, we are all egotistical to a degree. That's just another way of saying we are all INSECURE to a degree. Why else would we get upset? If I were to call a 270 lb professional wrestler a 'skinny weakling,' do you think he would feel hurt? Of course not! He realizes that my words do not change his size and strength, so he would probably just smile at my ridiculous statement.
Egotism, then, is a mask we wear to hide the faults or weaknesses we believe we have. The foundation of egotism is the delusion that we're different, the delusion that some of us are better than others. But our mask will fall aside of its own accord once we realize that we are all the same. We share the same fears, hopes, and dreams. Once we understand that, there is nothing to fear, nothing to get upset about.