They believe they are chosen and special, not because of their relationship with God, but because of inherent spiritual qualities within themselves. It's really sad. Modern ones haven't witnessed miracles but even really God-fearing ones whom we would call "good" are aware of the ones who literally pray to Moloch in their same synagogue and they do nothing about it, they encourage it even.
Discussion
Gotta remember too that the Judaism we have today is what the Pharisees who escaped Hadrian and blamed Jesus for their political downfall handed down mashed up with ideas from extreme pagan cults and gnosticism that they lived among on the fringes of the Roman Empire in exile