Place the beef into a bowl and season generously with salt & pepper. Drizzle the olive oil over the beef and stir coat the beef evenly with the oil.
Heat a dutch oven over medium-high heat. Add the beef to the dutch oven and cook until browned, about 2 minutes.
Add the mushrooms, onion, carrots, and celery, and soy sauce to the dutch oven and cook, stirring occasionally, until mushrooms are browned, about 8 minutes.
Stir in the garlic and cook until fragrant, just a few seconds. Stir in the water and bay leaf and bring to a slight boil.
Reduce heat to low and simmer for 20 minutes. Season with additional salt & pepper if necessary.
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