I am just learning python and I am going though the tutorials on https://developers.google.com/edu/python/strings
Under the String Slices section
They have the same value, but there is a fundamental difference when dealing with mutable objects.
Say foo = [1, 2, 3]. You assign bar = foo, and baz = foo[:]. Now let's say you want to change bar - bar.append(4). You check the value of foo, and...
print foo
# [1, 2, 3, 4]
Now where did that extra 4 come from? It's because you assigned bar to the identity of foo, so when you change one you change the other. You change baz - baz.append(5), but nothing has happened to the other two - that's because you assigned a copy of foo to baz.
Note however that because strings are immutable, it doesn't matter.