Melt butter in an 8 quart pot.
4 tablespoons butter
Thinly slice shallots and onions. We use a mandolin, but a sharp knife works well.
2 shallots, 3 onions, 3 red onions
Add shallots and onions into melted butter and cook at medium high for about 15-20 minutes. Look for them to become translucent, not browned. Now reduce the heat to low, and continue to cook with lid on for another 20 minutes. You are looking for a nice shade of brown.
Add in the red wine to de-glaze the onions. Allow wine to cook down, reducing by half. About 15-20 minutes.
1 cup red wine
Toss in 2 bay leaves. Add thyme and pepper, and a pinch of salt. Stir in the beef broth. Allow to cook for another 10-15 minutes.
2 bay leaves, 1 teaspoon dried thyme, Salt to taste, 10 grinds pepper
Stir in the beef bouillon and beef broth. Allow to cook for another 10-15 minutes.
2 teaspoon beef bouillon, 6 cups beef broth