Let $x_1, \ldots, x_n$ be real numbers. Is it true that
\begin{equation} \max_{1 \leq i \leq n} |x_i| = \max \{ \max_{1 \leq i \leq n} x_i, \max_{1 \leq i \leq n} -x_i\} \ ? \end{equation}
My intuition is that the maximum in absolute value is either the smallest negative or the biggest positive number among $x_1, \ldots, x_n$, which motivates the given equation.
Any feedback is much appreciated.