shèng zhě wáng hóu bài zhě kòu
the winners become princes and marquises; the losers are vilified as bandits (idiom)
history is written by the victors
胜
shèng
victory
者
zhě
(after a verb or adjective) one who (is) ...
王
wáng
king or monarch
侯
hóu
marquis, second of the five orders of ancient Chinese nobility 五等爵位[wu3 deng3 jue2 wei4]
败
bài
to defeat
寇
kòu
old variant of 寇[kou4]