Inflation has come down in the U.S. in recent months, but it remains at its highest level in decades. While investors are optimistic about a continuing downtrend of inflation, a potential recession and interest rates that stay higher for longer could load down the economy and stocks.

According to Howard Marks, co-founder and co-chairman of Oaktree Capital Management, the investment environment has undergone a "sea change" in recent years. Marks says several factors, including a reversing of globalization, tight labor markets, rising wages, and a growing economy, could keep inflation higher than what investors have grown accustomed to in the last few decades. If this is the case, the era of ultra-low interest rates and stimulative policies could be over.

While no one can predict what will happen next, now is as good a time as ever to ensure you own some resilient companies in your portfolio that can withstand potential economic turbulence.

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Source Fool.com