Seven

Seven words for good traits. Seven words for bad traits. A twelve-sided die. A few words for the obstacles and opportunities of a situation. These are all you need to resolve the outcome of a story situation.

Example characters. 

Someone who would be a burglar of dragons. Small. Quiet. Clever. Solves riddles (+2). Resourceful. Fierce. Fond of elves (-3). Easily overawed by wizards (-4).

Someone who would inherit a long-lost throne. Rover of wilderness (+3). Stalwart. Swords master (+2). Healer. Hot-tempered  (-2). Wary of wizards (-3). Always disguised (-2).

Someone who does fireworks to entertain children and frighten off goblins. Superlative wizard master of flame (+5). Vastly knowledgeable (+2). Inscrutable. Cryptic. Thinks self smartest in room (-5).

Now with additional random tables.