Step 1

Preheat oven to 325°F.

Step 2

Place a large pot over medium-high heat. Once hot, add 1 tablespoon of olive oil and enough beef to fit in a single layer with some space in between. (Cook in batches if necessary).

Step 3

Let the meat brown for 2 minutes, then flip the pieces to brown for another 2 minutes. Remove to a plate, and repeat with remaining oil and beef.

Step 4

Add the onions and garlic to the pan and sauté for 3 minutes using a wooden spoon and scraping the browned bits from the bottom of the pan.

Step 5

Add the browned beef, red wine, broth, tomato paste, balsamic vinegar, flour, thyme, bay leaf, salt and pepper. Stir to combine.

Step 6

Cover and place in the middle of the preheated oven to braise for 2 hours until the meat is tender and the sauce thickened.

Step 7

Remove the pot from the oven and add the potatoes and carrots. Return to the oven and cook for 30 minutes more.

Step 8

Garnish with optional parsley. Serve and enjoy!