Let $L$ be a bounded linear operator on a Hilbert space. Without assuming finite dimensions, can we express the operator norm of $L$ in terms of the spectrum of the positive operator $L^{\dagger}L$?
More precisely, does the following hold.
$\sup \big\{ \| L\phi \| \,\big|\, \phi \in \mathcal{H} \land \|\phi\| = 1 \big\} = \sqrt{ \max \sigma(L^{\dagger} L)}$