Respecting the right to hold a belief in no way implies that the way a person goes about determining that belief is rational. In much the same way I beleive everyone has the right to free speech, I may think how they decide to exercise that right is stupid.
I respect, in general, lofty ideals that stive to make the world better, to help those that need it, that provide opportunity for the betterment of all. I respect getting things done and not just sitting around talking about them (even if I disagree with what they are doing, I have to admire them getting it done). I respect the notion of looking at all sides of issues. I respect chilling the F out and relaxing every now and then.