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Raymond Hettinger, one of the core developers of Python, discusses the importance of writing clear and concise documentation for software projects. He emphasizes that developers value their time and bad documentation waste it. Poor documentation leaves developers with gaps to fill, leading to inefficiencies and delays in completing projects. Hettinger likens working without documentation to assembling IKEA furniture without instructions, causing unnecessary struggles and setbacks. In a fast-paced environment where deadlines are crucial, having good documentation is essential to ensure smooth and efficient development processes.