Really, Pit has two personalities.
The first is his Japanese self - Brave & courageous, he's not afraid to fight, and won't back down from a challenge.
With a strong sense of justice, he is not to be taken lightly as a 'little kid'. He does, however, get excited over winning, and is completely devoted to Palutena.
The other, is his US counterpart. Whilst still with a high sense of justice and not to be taken lightly, he is considerably overconfident and cocky when compared to his other self.
In some ways, he looks down upon his opponents (You're not ready yet!). Instead of getting excited, he seems more triumphant when he wins. He also seems ready to fight, and it's really just a matter of which is more cocky. He still seems dedicated to Palutena.