I'm guessing that evan if you use "border: solid 1px black;" to set all four borders simultaneously, at some point the browser will still have to interpret that and set the value for all four sides one at a time. So, using your example the browser would have to do one extra assignment, meaning slighly longer execution time.
Although, with your example there will obviously also be less text and thereby a slightly smaller file to send over the net.
However, the gains of either case is too small to make any practical difference. So just go with the one you find most aesthetically pleasing 
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