Yes. This 1000x. I hate it at work when I come across code that was written 3 years ago that has literally no traces of why it's there and a quick summary of what it does. Especially because that code is always the most abbreviated spaghetti you've ever seen. People should stop thinking (their) code documents itself because 99.999% of programmers cannot do it right.

I really like the Google way of coding: assume the person reading the code is the most 1337 programmer ever, BUT that this person knows absolutely nothing about the project