First give the general definitions and radius facts. The spectrum of a bounded operator is , and the point spectrum is . If , the Neumann series inverts , hence also . Thus is contained in the closed disc of radius and is bounded.
The spectral radius is . The spectral radius formula is
For the left shift , an eigenvector satisfies , so . A nonzero such sequence is in exactly when . Since , its spectrum is contained in the closed unit disc. It contains the open unit disc as point spectrum and therefore its closure by closedness of the spectrum. Hence

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