Working for a project, i  have created a list with some look up and managed meta data column. After adding these columns when i about to view the list, i got the statement written on the list view as “This view cannot be displayed because the number of lookup and workflow status columns it contains exceeds the threshold (8) enforced by the administrator”

so you dont need to worry, it is the default setting that set the threshold of creating 8 columns for number of lookup, managed metadata and workflow status fields.

to resolve this

Go to you Central Admin–> Manage Web Applicaiton

Select your webapplicaiton–> Click on the General Settings–> Select Resource throttling

Now look at List View Lookup Threshold and increase the number as per your requirement.

Regards

Shakir Majeed Khan