The tone of this first person account varies from quite informal to having the feel of a guest lecture. When telling an anecdote, Livermore relates conversations in quite colorful detail, including mild epithets. One gets the sense that these have been dramatized to some extent, as if related by a larger-than-life personality telling a good story. When telling his own story, the speaker is removed to a degree , as if he is telling the story of someone else in a particularly interesting way. When explaining a particular point or lesson about trading, he can become quite detailed, but still has the overall air of a mentor tutoring an aspiring trader over drinks by the fire.