Reading files into Python

f = open("1.txt")
#create a text file which consists of names of students in class
# Printing file all the names
print("File contnet as in text file:",f.read())
f = open("1.txt")
# Printing file one by one letters
print("\nFile contnet one by one word fromtext file:")
next = f.read(1)
while next != "":
    print(next)
    next = f.read(1)