Welcome to No Talent, No Alpha

Insights at the intersection of human capital and finance—exploring how strategic talent investments create shareholder value in the real economy.


Why We’re Here

I’m Kane Carpenter, and I’ve spent my career helping industrial and manufacturing companies optimize their most valuable asset: their people. Along the way, I’ve seen firsthand how a strategic approach to talent and workplace culture can dramatically impact the bottom line—and ultimately a company’s market valuation.

I started No Talent, No Alpha because I believe work isn’t just an expense on the balance sheet—it’s a powerful driver of value creation. By rethinking how businesses hire, train, manage, and reward their teams, we can uncover untapped potential for profitability, innovation, and sustainable growth.

In short, I’m here to connect the dots between human capital and financial outcomes—so you can make better decisions, whether you’re an HR leader, a finance exec, an investor, or simply curious about the people factor in business performance.


My Mission

Through No Talent, No Alpha, I aim to bridge the gap between organizational behavior and investment outcomes. In my consulting work, I’ve seen it all: from culture-driven turnarounds that sent share prices soaring, to workforce missteps that tanked promising companies. My goal is to share those lessons, research, and frameworks so that together we can transform the narrative around employment and investment—turning it into a story of mutual benefit, innovation, and long-term profitability.


What to Expect From Me Each Week

Tuesdays: Long-Form Deep Dive

I’ll share a comprehensive analysis on a key topic at the intersection of HR and finance.

  • Examples: Workforce optimization strategies, leadership best practices, and metrics linking talent to market performance.

  • Why It Matters: These insights come straight from my experience advising industrial and manufacturing clients—and they’re designed to help you make smarter decisions in your own organization or portfolio.

Fridays: “What I Read This Week”

Each Friday, I’ll curate the most intriguing articles, reports, and podcasts on human capital, workplace trends, industrial insights, and market updates.

  • Format: Short summaries, plus my personal take on why they matter.

  • Benefit: A quick, informed read that keeps you ahead of emerging ideas—without having to sift through a sea of content yourself.

Monthly (Paid Subscribers): Exclusive Investment Memo

Once a month, I do a deep dive into an industrial or manufacturing company, complete with a financial model and a nuanced look at their workforce strategy.

  • Extras: I’ll evaluate leadership quality, cultural dynamics, and workforce structure—factors traditional equity reports often overlook.

  • Why Subscribe: You’ll gain an investor-level understanding of how talent decisions can propel (or sink) a company’s valuation.


Who Is No Talent, No Alpha For?

  • HR & People Leaders - If you want to quantify the ROI of workforce strategies and speak the language of finance.

  • Finance & Business Executives - If you need clarity on how human capital investments influence margins, productivity, and shareholder value.

  • Investors & Analysts - If you’re seeking a deeper look at the “people factor” that often goes unexamined in earnings calls and analyst reports—especially within industrials.

  • Curious Professionals - Anyone who suspects there’s more to growth and profitability than cutting costs or chasing the latest technology.


Let’s Get Started

Each week, I’ll send you firsthand insights, practical tips, and a fresh perspective on how people drive performance—straight to your inbox. If you haven’t already, please subscribe and let’s explore new ways to align workforce potential with market results.

I’m excited to have you on board and can’t wait to share the ideas, case studies, and deep dives that will show just how powerful a well-managed workforce can be.

Subscribe to No Talent, No Alpha

Insights at the intersection of human capital and finance—exploring how strategic talent investments create shareholder value in the real economy.

People

Dad and husband. MBA, Chicago Booth. Fascinated by the intersection of workforce performance and financial returns.