Thanks LastOneStanding, another rookie mistake on my part. I have to admit that I cheated with the factorisation (thanks WolframAlpha). I don't know if there's a specific method I should follow to factorize something like 4(r−r2)−1, but I still find it very difficult to just guess at what the factorisation might be and go from there, except for the most obvious ones. Hopefully practice will help with that.
Anyway, rearranging the equation to -(2r-1)^2≤0, I find that the inequality is valid for all r \in R. Is this sufficient to say that I've proved that if 0<r<1, then 1/(r(1-r))≥4.
My latest attempt (with the help of Ray Vickson's comment) goes like this:
Assume r \in R and 0<r<1, then r(1-r)>0 and we can multiply the inequality by r(1-r). Therefore 1/4≥r(1-r). Since r(1-r)=r-r^2 is a quadratic equation the maximum value can be found at r=-b/2a. Putting the values of a and b into the equation gives r=1/2. Putting this value into the original inequality 1/(r(1-r))≥4 gives 4≥4, which is true, and since 1/(r(1-r))≥4 is true for all r<1/2 the statement is proved.
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I'm confident that the above attempt is very different from what the author hoped when he wrote the article. The proofs in this early stage of the book are generally of a few lines, occasionally more for proofs involving cases. Anyway I've learnt/remembered a lot from working on the question and the advice given here. Thanks.