Nope not true. I can actually unplug my heaters and it will hold the temp of the tank above the room temperature for several days,( I tried this just to see what would happen). If it were the same thickness as glass or acrylic I'm sure it would be a much poorer insulater but at 8" thick it quite good.
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That's because the concrete stored some energy/heat. Good insulating is when there is very little energy/heat transfer. Two completely different things.
For instance, if you put a ceramic dish in some hot water and let it sit for a minute, then removed that dish from the water, that dish would be about just as hot as the water and it would stay hot for quite awhile.
Now do that with a styrofoam cup instead. The styrofoam cup won't transfer much heat at all. It will be back to room temperature within seconds. That's what insulation is. Something that doesn't transfer or store energy/heat.
