Try to read your own code 1 yr later. You'll see both the value of self documenting variable names, and the value of the code comments ( and specially the value of clean code )
When you grab someone else source code and you don't understand it it's easy to think "Well he is not as good programer as I am" But when you realize that your own code is hard to read you go like: "what was I thinkng?"
In the long run verbosity helps maintainability. For short one line script, you can still use "setLocNm" instead of setLocationName"
Any fool can write code that a computer can understand. Good programmers write code that humans can understand. -Martin Fowler