There is a persistent myth that risotto is difficult. It isn't. What it is, is attentive — it asks for 25 minutes of near-constant stirring and the presence of mind not to wander too far from the stove. In exchange, it gives you one of the most satisfying, luxurious textures in all of cooking: grains of Arborio rice suspended in a sauce so silky it moves like lava when you tilt the bowl.
This version is built on two kinds of mushroom for two different things. Dried porcini are dissolved in hot water to create a deeply savoury, almost meaty stock that becomes the soaking liquid and a portion of the cooking liquid. Fresh chestnut mushrooms sautéed in butter provide earthiness and texture. Together, they produce a flavour far more complex than either could manage alone.
The Porcini Soaking Liquid: Don't Waste a Drop
Dried porcini soak in hot water for 20–30 minutes and release an extraordinary amount of umami-rich liquid — much more flavour, weight for weight, than fresh mushrooms contain. This liquid becomes part of the stock and is the single most important thing you can do to deepen the flavour of the finished dish. The only caution: pour it carefully into your stock pot, leaving the last tablespoon or two behind. Dried mushrooms always contain a little grit, and it sinks to the bottom of the soaking bowl. Don't tip it in.
Arborio vs. Carnaroli
Arborio is the most widely available risotto rice and works perfectly well here. Carnaroli — often called the king of risotto rice — has a higher starch content and a firmer centre, making it more forgiving if you slightly overcook it. If you can find it, use it. If not, Arborio produces a delicious result and is half the price. What you should never use is long-grain rice: it doesn't have the right starch structure and will not give you the characteristic creaminess.