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Available online: 16 Apr 2009Do individuals with high self-esteem enjoy positive interpersonal relationships, or are they aggressive and antisocial? Does narcissism reflect an abundance of self-worth, or inflated self-views driven by an overcompensation for low self-esteem? The present research addresses the apparently two-sided nature of self-esteem and narcissism by distinguishing between two distinct self-regulatory processes (narcissistic self-aggrandizement and genuine self-esteem), and proposing that two distinct facets of pride—authentic and hubristic—form the affective core of each. Specifically, findings demonstrate that when narcissistic and genuine self-esteem are empirically distinguished, genuine self-esteem (along with authentic pride) is positively related to successful social relationships and mental health, whereas narcissistic self-aggrandizement (along with hubristic pride) is positively related to aggression and other antisocial behaviors.