Source : Webster's Revised Unabridged Dictionary (1913)

Shortsighted \Short"sight`ed\, a.
   1. Not able to see far; nearsighted; myopic. See {Myopic},
      and {Myopia}.

   2. Fig.: Not able to look far into futurity; unable to
      understand things deep; of limited intellect.

   3. Having little regard for the future; heedless. --
      {Short"sight`ed*ly}, adv. -- {Short"sight`ed*ness}, n.

            Cunning is a kind of shortsightedness. --Addison.

Source : WordNet®

shortsightedness
     n 1: (ophthalmology) eyesight abnormality resulting from the
          eye's faulty refractive ability; distant objects appear
          blurred [syn: {myopia}, {nearsightedness}] [ant: {hyperopia}]
     2: a lack of prudence and care by someone in the management of
        resources [syn: {improvidence}] [ant: {providence}]