shèng zhě wáng hóu bài zhě zéi
see 勝者王侯敗者寇|胜者王侯败者寇[sheng4 zhe3 wang2 hou2 bai4 zhe3 kou4]
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
贼
zéi
thief; robber