The Myers Briggs Type Indicator Explained Simply

Your personality is identified by a grouping of four letters. Each letter has two chooses that depend upon which you naturally have a preference for. To get your personality, decide which letter fits you better than add those up. It looks like this ENTJ. Being both is not an option here. Just decide whichever one fits you more closely.
I or E
S or N
T or F
J or P
which stands for
Introvert or Extrovert
Sensing or Intuition
Thinking or Feeling
Judging or Perceiving

Now let me briefly explain each one.

Introvert or Extrovert
An introvert is more comfortable in a small group than a large.They will keep a lot to themselves unless they are only will one other person or a small group.

An extrovert loves to be around other people, and will feel more comfortable when having a group conversation rather than a one on one.

Sensing or Intuition

A sensor focuses on what they can identity with their senses. They are concrete rather than abstract.

An intuitor  will be focused on the meaning of something rather than what they take in with their senses. They tend to be creative and unorthodox.

Thinking or Feeling

Being a thinker does not mean you are emotionless, but that you are less sensitive to emotion. Thinkers often are blunt and gruff, but they have emotional control and find it easier to be objective. Their view of the world is somewhat detached.

 A feeler views the world from a more personal angle. They prefer to what makes themselves as well as others happy and are willing to sacrifice objectivity if they feel is it ruining there ability or the ability of others to enjoy life.

Judging or Perceiving.

A judger prefers to have structure and order in their lives. They are happier when the world around them is organized. Because of this they will enjoy having a plan so future events go as smoothly as possible. The down fall to the judging preference is when they have to act without a plan. Most have trouble acting in an reasonable manner when this occurs.

A perceiver prefers to go with the flow. They tend to focus on the present moment. Too much thinking of the future can be tiresome as well as too much seriousness.

This is only the basic and I encourage further research.

Ne Brainstorming vs Ni Forecasting

                                          

     Ne, or extroverted intuition, focuses on the possibilities of the world around it. It sees what could in the present situation it is analyzing. Ni, or introverted intuition, focuses on the possibilities of all the information it has internalized. It uses its store of information to predict what will happen in the future. "I wonder what would happen if...." is a common thought to cross the the minds of both an Ne and Ni user. Because Ne is focused on the present and Ni is focused on the future, Ne will be prone to brainstorming and Ni will be prone to forecasting.

     Ne's enjoyment of the present and dislike of the future causes it to generate a long list of ideas rather than make a single well thought out one. It operates based upon the ideas that come into it. If an Ne user were to have this run through  their mind," I wonder if making my shoes and gloves really sticky would allow me to climb up the side of a building," and they genuinely wanted to know if it could work, they would not be satisfied thinking about why it would not work, but would want to do everything in their power to make it happen. Thinking about the potential problems such as,"There currently is not a strong enough adhesive that could dry quickly enough to support my weight, and if there was one, it would not be able to move my hands or feet to allow me to continue climbing," is not the natural mind set of an Ne user. The Ne simply wants to enjoy its ideas and not worry about the problems or practical implications.

                                      

     The main plot surrounding the show Jimmy Neutron, a young INTP, was Jimmy having to save his town from the unforeseen problems  his  inventions produced. He was an Ne experimenter who did not think of the consequences of his actions.

     Ni is the Yin that completes Ne's Yang because it focuses on its knowledge and wisdom to create a forecast of future events. Ni will take what it knows and imagine the conclusion its information gives. Ni users like to think about getting college degrees, and the future careers they will grant. If they have a Lincoln town car, they will imagine using it to create a limousine service for teenagers going to school dances. When presenting an idea to an Ni user it may feel like they are cruelly shredding your ideas to pieces, but just like the disciplinary parent they believe they are doing it for your own good because they would hate to see you do something they could see going no where. Ni users that are full of accurate knowledge will make accurate forecasts.

    While Ni users have the natural skill of prediction, the accuracy of there predictions depends upon the accuracy of the knowledge they have received. Ben Bernanke, an INTJ, as a follower of Keynesian economics, could not predict the housing bubble. If he had predicted the housing bubble he would be using information he did not believe. INTJs are open minded to ideas that fit into their view of the world, but closed off to anything that does not fit into their field of vision

      To be well rounded individuals, Ne users cannot focus solely on the ideas of the moment, and Ni cannot focus solely upon their independent views of the world and future. Ne users will benefit from learning to think through their ideas, and Ni users will benefit from learning to see the validity of possibilities they did not envision themselves. So, whether you use Ne or Ni you will have strengths and weaknesses to overcome.

Below is a video of Bernanke denying the existence of a bubble several times.
http://www.youtube.com/watch?v=9QpD64GUoXw