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tell me everything that I need to know about splitting and stripping in python (in case of converting text files into a list) and how

tell me everything that I need to know about splitting and stripping in python (in case of converting text files into a list) and how to convert these data types in files to lists, like make me understand this so I could know how to convert any data type from text file to a list. but complex things like things like DD-MM-YY,Name,ID,Grade1\Grade2\Grade3 and so on

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