Mill considers two more objections: some critics say that happiness is impossible, and others argue that “renunciation” is a better way to live than indulgence in “happiness.” The first criticism misunderstands happiness as constant, exciting pleasure, when in reality happiness means having
“few and transitory pains, many and various pleasures,” and realistic expectations. More specifically, “tranquility and excitement” are the two main components of happiness, and people can be happy with one, the other, or a balance of both. But it is also possible to waste these assets and make oneself unhappy, namely through “selfishness” or a lack of “mental cultivation” (by which Mill means active intellectual interest in the world).