'Shortsightedness' definitions:

Definition of 'shortsightedness'

noun

(ophthalmology) eyesight abnormality resulting from the eye's faulty refractive ability; distant objects appear blurred [syn: myopia, nearsightedness, shortsightedness] [ant: farsightedness, hypermetropia, hypermetropy, hyperopia, longsightedness]

noun

A lack of prudence and care by someone in the management of resources [syn: improvidence, shortsightedness] [ant: providence]

From: GCIDE

Shortsighted \Short"sight`ed\, a.
1. Not able to see far; nearsighted; myopic. See Myopic, and Myopia. [1913 Webster]
2. Fig.: Not able to look far into futurity; unable to understand things deep; of limited intellect. [1913 Webster]
3. Having little regard for the future; heedless. [1913 Webster] -- {Short"sight`ed*ly}, adv. -- {Short"sight`ed*ness}, n. [1913 Webster]
Cunning is a kind of shortsightedness. --Addison. [1913 Webster]