Place beef in a stock pot or medium kettle on medium-high heat; season with salt and pepper, stir occasionally until beef is browned on all sides.
Whisk beef broth, flour and wine in a small mixing bowl; add mixture to kettle; add bay leaves; bring to a boil.
Reduce heat to low, cover and simmer one hour.
Add carrots, onions, mushrooms and potatoes; cover and continue to simmer ~one hour more, until potatoes are tender.