What is Ownership, and how does it make us suffer? And what do we do about it?

You don’t “think” of any events before they happen; then why do you accept that the events were “your” fault? (If the event was bad.) Or, “I” did it? (If the event was good).
Ownership is only a concept, and every concept is a product of the mind, and that’s why it’s an illusion.
By dividing each event of life into “my failure” or “my success,” man weaves his own cocoon and gets trapped in it.
Owning the body is “I.”
Owning results (my success or my failure) is like swinging in the stormy ocean of life.
This concept of ownership has to be sublimated.
There is no “I”, there is no “me”, and there is no “mine”. They are only concepts.
All concepts are untruth, and awareness is the only truth, in which concepts get born(and die).
Suffering can be abolished only by merging into the truth.
Substituting ownership with witnessing will be the solution, as Priya said.
Witnessing is not an easy state to realize, let alone remain in.
It results when awareness merges in itself and revels in itself. (Awareness aware of awareness).
It palpates itself, enjoys its own texture, its own company, and drinks the nectar of life drop by drop – Nij Anand. (Self-pleasure).
True Witnessing arises only after such a state.
Witnessing is not judging or analyzing the world as good or bad, but simply witnessing and doing nothing, like a judge in a court.
He listens to both sides but remains fully in control of himself, staying balanced (sthitpragnya) and not taking sides.
One has to get used to this state, which will lead to dispassion towards the Sansar, its fixing, or its changing.
Trying to do anything, and this self-contented state gets disturbed.
Abhijit rightly said – it is an effortless, cheerful acceptance.
Every word is important and rightly chosen.
Only the one who practices regularly will grasp this well.
Non-doing, cheerfulness in the heart, and loving and devotional acceptance of whatever life brings to you, in full gratitude.(not a negative, but a positive acceptance).
This leaves the concept of “I” and ownership dwindling, which eventually die out, just the way waves disappear when the ocean decides to contain itself within itself.
Ownership of the events, good or bad, is the cause of the suffering.
So, all events are just happening; YOU did not cause them to happen, because there is nothing like “You”. Just watch them, and let them pass, and always will, becasue everything is transient, but not awareness – it is eternal.