Itos Lemma Explained

Описание: Video on Taylor-Explansion:    • Taylor series | Chapter 11, Essence of cal...  

This is part 3 of my series on "Understanding Black Scholes".
Ito's Lemma is a key mathematical lemma used in the derivation of Black-Scholes - so here is my understanding.
I know that this is mathematically not super rigorous. This video is here only to give intuition.