I've been trying to figure out how the angular momentum is preserved. From what I could understand, there needs to be no external torque about the said point. What I could not get into my head is this:
Let's suppose there is a system where Earth orbits The Sun. When referring to the point where The Sun is located, it is understandable that there is no external torque, thus no change in angular momentum. However, although a random point (P) shouldn't have any external torque about it, the angular momentum is somehow not conserved. Even though gravitational forces between The Sun and Earth may cause torque about P, isn't it considered an internal torque, since the system consists of both The Sun and Earth?