Adding a Shortcut to Shared Content to Your My Drive Folder in Google Drive

Sign in at drive.google.com.
On the left, click Shared with me.
Select the files or folders that you would like to create a shortcut for.
Right or two-finger click the files or folders you selected and select Organize > Add shortcut
Choose My Drive (or another folder where you would like the shortcut to appear.)
Click Add.