Julia Annas presents Aristotle's view of the relation of virtue and happiness, and the resulting problem of the role of the external goods in happiness. The Stoics and Peripatetic views on virtue and external goods have been analyzed and argued. The writer suggests what Aristotle says about virtue and happiness reflects common sense of Greek ethical thought and leaves the issue. Aristotle's account of virtue and happiness takes ordinary thought on the matter and develops it far. We can see what the Stoics and Peripatetics are going to say on this matter and the opposing tendencies in this article.